Last week’s price crash, which saw Brent Crude prices dip below $60 per barre, was an excessive market reaction to the U.S. tariffs, with speculators assuming there would be no growth in oil demand due to recession fears, Gunvor’s head of research Frederic Lasserre told Bloomberg. “I think the market overreacted,” Lasserre told Bloomberg in an interview, commenting on last week’s market rout.
“I think this was a bit too aggressive, at least for now, and from here I see a bit more upside than downside because…Did Oil Markets Overreact to Trump's Tariffs?
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