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Oil may rise this year on increased demand and restricted supply
Manage episode 282209045 series 2642132
In this episode we are joined by Sam Wahab from SP Angel to talk about oil and its supply-demand mechanics.
With the rollout of the Covid-19 vaccine it is expected that oil demand will begin to creep up later in the year and consumers come back online. This, tied in with the restricted supply - as producers won’t be able to turn the taps back on - will create support for oil prices.
Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.
Follow us on Twitter @IGTV
308 tập
Manage episode 282209045 series 2642132
In this episode we are joined by Sam Wahab from SP Angel to talk about oil and its supply-demand mechanics.
With the rollout of the Covid-19 vaccine it is expected that oil demand will begin to creep up later in the year and consumers come back online. This, tied in with the restricted supply - as producers won’t be able to turn the taps back on - will create support for oil prices.
Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.
Follow us on Twitter @IGTV
308 tập
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