Oil prices have started the week trending lower, with positive economic news out of China unable to counter the rising fear of another U.S. interest rate hike. One potentially bullish catalyst for oil prices is the upcoming U.S. inventory data, which is expected to show another weekly drop.Chart of the Week- An extremely tight LNG market that pushed spot prices to $65-70 per mmBtu last year has rapidly transformed into a supply glut thanks to a combination of abundant supply and lower demand.
- With Freeport LNG resuming exports in February,…Fears Of An Interest Rate Hike Keep Oil Prices Under Pressure
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