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bearish

Bearish Sentiment Strengthens Once Again in Oil Markets | OilPrice.com

A combination of rising Covid infections in China, uncertainty over the G7 oil price ceiling and a rise in oil inventories in the United States has driven oil prices lower this week. As oil prices climbed early Friday morning, the rise in bearish sentiment is palpable. Friday, November 25, 2022 With the oil price cap …

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Demand

Why demand destruction is more worrisome than a supply crisis in oil markets | OilPrice.com

It seems that the global economy has been in a state of continuous flux this year. The titles are repetitive to the point of being absurd. This uncertainty translated into high volatility that pushed the fear gauge, VIX, to a 150-day high last month. It still remains high (although down from its recent high), with …

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OPEC logo

Growing anti-OPEC movement is disastrous for oil markets | OilPrice.com

Earlier this year, Mario Draghi, then Italian Prime Minister, floated the idea of ​​big oil buyers banding together and standing up to OPEC+. The idea did not progress much beyond the floating stage because one obvious problem could not be ignored: OPEC would retaliate. Yet it seems that some ideas tend to be so appealing …

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