On Crude's Tug-Of-War
Published on
Oil prices are caught in a tug-of-war. Concerns about the demand outlook are acting as a price ceiling while the risk of a geopolitically induced supply shock is providing a floor. Prices are likely to remain rangebound over the near term. Yet the path of least resistance over a 6-to-12-month horizon is to the downside.
BCA Research | FICC
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