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…A Rare Moment Of Stability For Oil Prices
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