Traders Are Selling, But Higher Oil Prices Could Be On The Horizon ...Middle East

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Traders Are Selling, But Higher Oil Prices Could Be On The Horizon
source : OILPRICE ( Middle East ) () 55
Last week, we published one of the more bearish articles on the oil price outlook as reviewed by commodity analysts at Standard Chartered. According to the analysts, their proprietary crude oil money-manager positioning index that compares net longs across the four main New York and London-based crude contracts relative to open interest and historical norms is currently more negative than those for all other commodities they track. StanChart says that In recent months, crude oil has remained close to the bottom of the ranking of metals and energy…

Hence then, the article about traders are selling but higher oil prices could be on the horizon was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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