These are all contributing to the recent rebound in the oil market
These are all contributing to the recent rebound in the oil market: Tyler Richey Quoted in MarketWatch
Oil futures end higher as demand prospects improve
“Price-supportive OPEC+ rhetoric, evidence of strong domestic demand at the start of the U.S. summer driving season, rising geopolitical tensions overseas, and renewed hopes for a perfectly executed soft landing by the [Federal Reserve] are all contributing to the recent rebound in the oil market,” said Tyler Richey, co-editor at Sevens Report Research.
“Sentiment is fragile, however, and if we see any headlines that contradict any of those factors that have supported the latest rally, or even just an uptick in broad market volatility into the end of the quarter, we could see oil markets correct back towards the mid-$70-a-barrel range,” he told MarketWatch.
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