News Formal

Oil Market to Get ‘Extremely Tight’ in Second Half, Citadel Says

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

Global oil markets are on track to be “extremely tight” in the second half, with prices rising to a level that will eventually constrain demand if OPEC doesn’t bring back more supply, said the head of commodities at hedge fund Citadel.

Elite College Credit Ratings Take a Hit From Struggling Hospital SystemsBrazilian Lender Banco BV Closes Brokerage, Transfers ClientsIsraeli Officials Express Optimism Over Cease-Fire Talks With HamasAmazon Eyes Record High as It Rebounds From Post-Pandemic RoutThames Water Creditor Group Picks Advisers After Kemble DefaultCrypto Scam Criminal Trial Tests ‘Code Is Law’ Claim by TraderMethane-Eating Microbes Show Promise for Wiping Out Planet-Warming EmissionsDimon Likens AI’s Transformational...

7 Billion in Second-Best Year for ProfitsBotswana’s State Oil Company to Request Long-Term Fuel ContractsVitol Earned $13 Billion in Second Year of Blowout ProfitsZiG Begins Trading as Zimbabwe Banks Struggle With the SwitchEclipse to Cut US Solar by 30 Gigawatts as Moon Shades PanelsFaulty inflation forecasts hold Bank of Canada back on rate cuts'Cuts are coming': Economists react to March jobs dataJackson: Tax tips for last-minute filers as filing deadline loomsWhat mortgage owners...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil market news: oil rises to highest since October on signs of stronger demandOil rose on signs of better-than-expected demand, while algorithms that have reached their maximum long positions kept the rally in check.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil market news: Oil steady after quarterly surge as spotlight stays on demandOil was steady following a first-quarter increase that was driven by better-than-expected demand.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil price news: Oil seals quarterly gain with OPEC+ curbs tightening marketOil scored a 16 per cent quarterly gain in the latest sign that export curbs by OPEC and its allies are reining in global supplies.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil’s Under-the-Hood Signals Tell Tale of Very Bullish MarketThis article discusses the signals in the oil market that indicate a very bullish market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »