Oil Markets

China Key Factor in Uncertain Outlook

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Stronger-than-expected oil supply is acting as a counterweight to rebounding oil demand, capping the recent oil price rally. Yet additional Saudi cuts are keeping second-half balances firm and sustaining stockdraws. Chinese demand is now the key wild card in an uncertain macroeconomic environment.

Topics:
Opec-Plus Supply , Non-Opec Supply, Opec/Opec-Plus, Oil Inventories, Oil Supply, Oil Demand, Crude Oil, Oil Forecasts, Oil Futures and Derivatives, Oil Prices, Oil Trade, Macroeconomics
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