A trade war deal is what the oil market needs to break out of bear market territory, RBC's Helima Croft says

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الإمارات العربية المتحدة أخبار أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

Here's what RBC's Helima Croft says needs to happen for oil to break out of bear territory (via CNBCFuturesNow)

Croft points out there's a second issue adding to the bearishness surrounding oil: a large U.S. inventory build.

"This is a counter-seasonal build. It's leading to concern of U.S. production being higher than anticipated," she said. "That's a second whammy for the oil market right now.

On Thursday, WTI settled up 1.8% at $52.51 per barrel, while Brent settled up 1.7% at around $61.68 a barrel.

 

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الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

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