Daily Oil Fundamentals
So Many Drivers in Markets Will See Investors Take Pause
29 Oct 2024So Many Drivers in Markets Will See Investors Take Pause
The oil market is trying to regain some of its sea legs and has found some contributary bullish aids in doing so. Yesterday's announcement by the US DoE that it would seek up to another 3-million barrels of additional oil for its Strategic Petroleum Reserve (SPR) refilling, introduces a fundamental buyer into a category which at present has been sparsely populated.