It would be a mild dramatization to conclude that Chinese economic troubles, the latest chapter of which was opened by a Hong Kong court ordering the liquidation of troubled property developer, Evergrande...
If there is any consistency in the oil market, it is that every day our fraternity wakes up to yet another headline-competing and oppositional influence/s that just adds to the ball of confusion.
The oil market is similar to a jigsaw puzzle. The picture will not become complete until all the pieces fall into place. Last week a tsunami of development lifted the cloud of uncertainty and tangibly ameliorated investors’ sentiment.
Copyright © 2024 TP ICAP