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KM Financial Solutions | Oil outlook sours as sanctions, global tensions fail to bring out bulls
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Oil outlook sours as sanctions, global tensions fail to bring out bulls

21 Jul Oil outlook sours as sanctions, global tensions fail to bring out bulls

Posted at 05:00h in News by
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Sentiment in the oil
market has shifted dramatically in recent days, with hedge
funds, producers and traders all taking a more bearish tack in
response to what they see as weakness in worldwide demand.
The oil market has struggled to sustain a rally despite
supply restrictions that generally would be considered bullish.
U.S. sanctions on Venezuela and Iran have removed more than 1.5
million barrels of

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