The Longer-Term Outlook For Oil: Tyler Richey Quoted in Morningstar
Oil futures give up early gains to finish lower
The longer-term outlook for oil remains much less certain with a significant increase in U.S. oil production “dulling the effects of the OPEC+ output cuts led by Saudi Arabia and Russia,” said Tyler Richey, co-editor at Sevens Report Research.
“With longer-term demand expectations fading with the latest string of disappointing global economic reports we received this week, there is growing concern the physical markets will tip into a surplus in the months or quarter ahead.”
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