Oil Q2 2021 Fundamental Forecast of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News 2021-04-12 17:00:00 Rich Dvorak, Analyst
Crude Oil Fundamental Forecast: Supply & Demand Dynamics to Bolster WTI Prices
Crude oil price action staged a remarkable rally during 1Q-2021. In fact, the commodity surged as much as 40% at its year-to-date high around $68.00 a barrel in ear
Oil Q2 2021 Fundamental Forecast 2021-04-03 09:00:00 Rich Dvorak, Analyst
Crude Oil Fundamental Forecast: Supply & Demand Dynamics to Bolster WTI Prices
Crude oil price action staged a remarkable rally during 1Q-2021. In fact, the commodity surged as much as 40% at its year-to-date high around $68.00 a barrel in early March. The strong bid beneath crude oil broadly tracked market optimism surrounding covid vaccine developments, massive fiscal stimulus packages, and improved outlook for global GDP growth. That said, during the second half of March, virus fears resurfaced and seemed to be pressuring the commodity. Is this stretch of short-term weakness set to continue into 2Q-2021 or will crude oil resume its ascent?