In a note last week from Standard Chartered analysts at the bank said oil market sentiment, especially among speculative traders, is highly bearish, similar to levels seen in 2008 during the Global Financial Crisis.Concerns centre on expectations of macroeconomic hard landings, weak oil demand, fears of oversupply in 2025Stan Chart say that the concern over oversupply fears might be exaggerated due to unclear supply data.There is a notable difference between the demand growth estimates of the International Energy Agency (IEA) and OPEC Secretariat. The IEA estimates higher OPEC+ oil output compared to the U.S. Energy Information Administration (EIA).the differences in supply estimates are cri
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