Tag: demand

Fear over demand outlook pushes Crude Oil down

Fear over demand outlook pushes Crude Oil down

The big cities in China struggle to control outbreaks and JP Morgan projected a mild recession in the US, putting pressure on oil prices.
Traders see demand destruction for crude oil

Traders see demand destruction for crude oil

OPEC released the reason for the production cut and projected the rising demand for crude oil for the next decade.
Crude oil falls down despite tight production policy

Crude oil falls down despite tight production policy

OPEC’s policy on crude oil production had the opposite effect. Oil hits $82 price tag, and poor economic data in China signal lower demand. What does it mean?
Crude oil seeing the biggest drop since April

Crude oil seeing the biggest drop since April

The fear of economic slowdown and high inflation hurt demand. The price of Crude Oil declines and the weekly change of open interest thus raises.
Oil gained as a tight market remains

Oil gained as a tight market remains

The price of crude oil went sharply up thanks to fundamentals, which points to tight market before summer.
Covid fears sent crude oil down

Covid fears sent crude oil down

Due to the significant Covid spread in Shanghai, fears from possible oil demand disruption sent crude oil to red numbers.