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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (124763)	4/19/2022 3:49:36 PM
From: Goose94	Read Replies (1) of 203382

Crude Oil: Demand Destruction Fears Drag Prices Lower The IMF cutting the global economy’s 2022 outlook by 0.8% compared to its previous forecast is the main talking point in markets today - after seeing strong demand across all commodities in Q1, we are now facing the reality of protracted demand loss going forwards. The Russia-Ukraine war has sent shockwaves across the metal and agriculture markets, potentially having an even larger impact on global markets than a Russian oil embargo would. Against this background, not even Libya’s descent into another period of chaos could hold oil prices above the $110 per barrel mark. Oilprice.com

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