The Energy Report: Fed Signals Strong Oil Demand – Investing.com

The Energy Report: Fed Signals Strong Oil Demand – Investing.com

The freaked out the stock market, but does a more aggressive Fed signal a red-hot economy and stronger oil demand by default? The answer is yes!

Global oil demand is exceeding expectations even with cases of the omicron variant sweeping the world. It seems when one pocket of demand slows, there is somewhere else in the world that makes up for it. did sell-off in sympathy with the stock market, and it didn’t get help from the weekly that showed massive builds in gasoline and distillate but at the end of the day, when you parse through all the data and look at the four week moving averages, you realize that we’re going to be facing an extremely tight oil market in the coming months. This is something we have been talking about for a long time, and that’s why we have been telling people to get hedged all year.