摘要:Can the downward pressure on crude oil prices from weakening global demand be offset by the stimulative measures from OPEC+ cuts, and from US-imposed sanctions on Iran and Venezuela?
Since the start of the year, crude oil prices have enjoyed an almost 30 percent increase but have still not recovered from the 40 percent drop in Q4 2018. Increasing concerns about weakening global growth – especially out of powerhouse economies such as China and the US – may undercut the sentiment-linked commoditys upside momentum if underlying demand for it is eroded.
However, crude oil prices may receive a boon from politically-based factors. The most recent OPEC+ meeting that was supposed to take place in April was cancelled, with investors now waiting for the June session. Officials are expected to be in support of deep cuts. The US is also reimposing sanctions against Iran, which may undercut supply and boost prices.
See the complete Q219 Oil Forecast as well as outlook for other major currencies, equities, and gold.
---Written by Tyler Yell, CMT and Dimitri Zabelin, Analysts for DailyFX.com
免責聲明:
本文觀點僅代表作者個人觀點,不構成本平台的投資建議,本平台不對文章信息準確性、完整性和及時性作出任何保證,亦不對因使用或信賴文章信息引發的任何損失承擔責任