Oil’s outlook clouded by potential risks

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Oil prices have performed unexpectedly well this quarter, rising roughly 29.5% YTD despite US-China trade developments, global growth concerns and ongoing oversupply fears creating headwinds for the commodity.

Although the appreciation witnessed is likely based around optimism over OPEC supply cuts and bouts of Dollar weakness, the medium to longer term outlook remains clouded by multiple risks down the road. OPEC + has assured markets that its members will stick with production cuts through June; a move that should be supportive for oil prices in the coming months. However, it’s a tougher… Read More:

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