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Oil demand: We are still in an oil bull market, analyst explains

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Oil demand remains high despite inflation and other economic pressures keeping consumers on tightened budgets. Claudio Galimberti, Rystad Energy SVP & Head of Americas Research, joins Yahoo Finance Live to share his oil demand predictions for 2024. 'We are still in that phase' of an oil bull market, Galimberti tells Yahoo Finance, making a callback to previous comments on the energy market's reaction to OPEC's production cuts. Galimberti predicts a 'very sizable' rate of oil demand heading into 2024, coinciding with forecasts for extended production cuts from Saudi Arabian producers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Oil demand remains high despite inflation and other economic pressures keeping consumers on tightened budgets. Claudio Galimberti, Rystad Energy SVP & Head of Americas Research, joins Yahoo Finance Live to share his oil demand predictions for 2024.on the energy market's reaction to OPEC's production cuts. Galimberti predicts a"very sizable" rate of oil demand heading into 2024, coinciding with forecasts for extended production cuts from Saudi Arabian producers.

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Earnings, September jobs report: What to watch this weekThe first week of October is off to a busy start. Yahoo Finance’s Josh Schafer takes a dive into what investors should look out for, including earnings from Levi Strauss & Co. (LEVI) and cannabis company Tilray Brands (TLRY), as well as the September jobs report expected out on Friday. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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