By Myra P. Saefong and Mark Decambre
“Fundamentally there have been three headwinds on the market: 1) trade angst weighing on demand expectations, 2) fears that Saudi Arabia will more aggressively act to regain market share since the policy change in June, and 3) still steadily rising U.S. production,” Tyler Richey, co-editor of the Sevens Report, told MarketWatch. “The first of those three has seen some relief so far this week and that has helped oil bounce so far this week with other risk assets.”
Tom Essaye quoted on Nasdaq – August 21, 2018