Oil Traders’ Faith in 2023 Bullish Narrative Frays
Brent’s 8% collapse to a five-week low shows just how far market fundamentals have deteriorated.
WATCH: Brent Oil Slips Below $75 on Demand, Slowdown Concerns
Welcome to Energy Daily, our guide to the energy and commodities powering the economy. Today, Grant Smith examines the reasoning behind shifting forecasts among oil traders as Brent sinks below $75. To get this newsletter sent to your inbox, sign up here.
The oil world’s widely held belief of a bull run in late 2023 is starting to show its first cracks.