Fundamental influences are “conflicted” right now
Fundamental influences are “conflicted” right now: Sevens Report Co-Editor, Tyler Richey, Quoted in Morningstar
Global oil prices fall for fourth straight session, with demand and Middle East risks in focus
Fundamental influences are “conflicted” right now, Tyler Richey, co-editor at Sevens Report Research, told MarketWatch.
“Higher-for-longer central bank policy expectations, a strengthening dollar, and subsequent worries about the sustainability of economic growth in a high-rate/strong-dollar environment, are acting as headwinds on global oil prices,” he said, while “simmering geopolitical situation between Israel and Iran is simultaneously keeping a fear-bid in the market.”
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