One Sector To Watch Oil As Oil Prices Rally ...Middle East

OILPRICE - Economy
One Sector To Watch Oil As Oil Prices Rally
source : OILPRICE ( Middle East ) () 24
After remaining range-bound for much of the second quarter, oil prices have mounted a significant rally, with analysts saying oil markets are finally waking up to the fact that fundamentals have tightened significantly. After remaining in surplus for months, many experts have predicted that demand will begin to surpass supply thus improving oil prices and margins for oil refiners. For instance, StanChart’s demand model projects a supply deficit of 2.81 million barrels per day in August; 2.43 mb/d in September and more than 2mb/d in November…

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