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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (81859)	4/8/2020 8:58:12 AM
From: Goose94	Read Replies (1) of 202767

Crude Oil: Analysts warn about lower prices ahead. The recent rebound in prices, with Brent moving into the mid-$30s, could be premature. “In our view, however, judged by the bout of optimism reflected in prices of oil futures in recent days, the market is still not realizing the severity of the oversupply problem coming in April-May,” Rystad Energy said in a statement. “With 28 million bpd oversupply in the oil market in April and 21 million bpd in May, the global coordinated production cuts that are really needed may be too large for the producers to accept, perhaps twice as large as the numbers that are currently being discussed.”

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