Reported 18 days ago
Tamar Essner from Vectis Energy Partners asserts that the presidential election in two months won't have a significant short-term impact on oil prices, despite the market's complexities. With a current surplus from OPEC and increasing supply from non-OPEC countries, oil demand dynamics are coupled with a strong production cut by OPEC. Essner anticipates that U.S. companies might maintain disciplined production levels regardless of election outcomes, complicating predictions in the volatile oil market.
Source: YAHOO