Oil Data Is Robust, So Why Is Demand Sentiment So Poor? ...Middle East

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Oil Data Is Robust, So Why Is Demand Sentiment So Poor?
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Recently, Wall Street analyst BMO Capital Markets noted that U.S. market sentiment has lately fluctuated from recession fears to soft landing expectations in a short period of time any time there is a release of a major economic data point.  “Clearly the pendulum has swung in favor of optimism with the S&P 500 recovering sharply from its recent sell-off and once again approaching record highs,” BMO Capital Markets investment strategy team stated in an investor note. BMO’s observation describes oil markets to a tee. Oil…

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