A Rare Moment Of Stability For Oil Prices ...Middle East

OILPRICE - Economy
A Rare Moment Of Stability For Oil Prices
source : OILPRICE ( Middle East ) () 15
Oil prices have generally been trending higher over the past few months as the demand outlook for the commodity improved amid mass vaccination efforts. This week, however, benchmarks have experienced a rare moment of stability. This stability does not reflect stability in the market environment. On the contrary, it is the result of bullish and bearish events—equally strong­­—that are basically canceling each other for the time being. On the bearish side, we have the news about the U.S.-Iran talks in Vienna, with most reports…

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