Did You Go Long The Barrel? Beware Of Headwinds Ahead – Investing.com

oil, demand, mbd, countries, api,
Gulf
  • Date: 15-Oct-2021
  • Source: Investing.com
  • Sector: Oil & Gas
  • Country: Gulf
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Did You Go Long The Barrel? Beware Of Headwinds Ahead – Investing.com

Falling oil demand and bearish U.S. inventories are not of any good to WTI investors. However, a deeper slide might be a great place to enter the trade.

Fundamental Analysis

The Organization of Petroleum Exporting Countries (OPEC) has downgraded its estimate of world oil demand for 2021. The demand has been lower than expected so far despite strong prospects for the end of the year.

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