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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (143705)1/20/2023 10:00:43 AM
From: Goose94Read Replies (1) of 202767
 
Crude Oil: Bullish Sentiment Builds As China's Recovery Continues

Brushing aside the massive inventory build in the US, the market is starting to fall for China’s demand rebound. Both OPEC and the IEA raised their global demand forecasts for 2023, arguing that the second half of this year would see rapid growth in Asian buying. So it looks like oil bulls have gained the upper hand despite some worrying economic data and refinery problems in the U.S.

Oilprice.com
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