Oil And Energy Stocks Start To Bottom As The Market Catches Onto The Irony Of The Demand Data
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Don't look now but WTI has just broken the downtrend and energy stocks are confirming that a bottom is in. The oil market has been through a rough period where participants are trying to find the price level at which demand starts to bottom. The irony in all this is that no one has a good gauge as to what demand is today. Let's take a look at the US implied demand data, for a second, and let us explain why the market is catching onto the irony.
Oil And Energy Stocks Start To Bottom As The Market Catches Onto The Irony Of The Demand Data
Oil And Energy Stocks Start To Bottom As The…
Oil And Energy Stocks Start To Bottom As The Market Catches Onto The Irony Of The Demand Data
Don't look now but WTI has just broken the downtrend and energy stocks are confirming that a bottom is in. The oil market has been through a rough period where participants are trying to find the price level at which demand starts to bottom. The irony in all this is that no one has a good gauge as to what demand is today. Let's take a look at the US implied demand data, for a second, and let us explain why the market is catching onto the irony.