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Strategies & Market Trends : The Aristocrats (tm)

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Dec 12 3:59 PM EST

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To: sense who wrote (4388)	1/30/2024 4:07:06 PM
From: sense	of 5694

Global Oil Demand Remains Robust Despite Bearish Sentiment Basically... seasonality says "oil higher" into March... by which time economic adjustment factors (banking crisis/recission risks/stock markets) may begin to be more of a "real" drag on demand. But, until then... geopolitical risks are being almost entirely discounted... due to seasonality error in expectation re capacity versus the draw... and that... minus "disruption". And, the expectation... minus the geopolitical / disruption risk... is $10 / bbl... Toss in "cray cray shit happening"... and... ??? So, perhaps, not surprising that you see... pundits suddenly popping up with "forecasts" of $40/bbl ? "Look, over there..."

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