Sevens Report Analysts Quoted in Market Watch on September 28th, 2022
U.S. oil prices settle back above $80 as Hurricane Ian forces production cuts
We have to acknowledge the dominant trend is still lower for the oil market right now but we do continue to look for the market to stabilize soon as we do not believe the combination of over-compliance by OPEC+, tight global physical markets, and the geopolitical uncertainty surrounding the war in Ukraine can be solely offset by concerns about the global economy…wrote analysts at Sevens Report Research, in a note. Click here to read the full article.