Oil Prices Defy Supply-Demand Fundamentals - News Summed Up

Oil Prices Defy Supply-Demand Fundamentals


Oil prices have shot up from the historic depths hit during the coronavirus lockdown, but analysts and traders worry the rebound has been too sharp and could prove short-lived. Rather than surging on supply and demand fundamentals, oil prices have ridden along with other risky assets, such as stocks, that have been bid up by speculators looking to cash in on the U.S.’s emergence from the coronavirus shutdown.


Source: Wall Street Journal June 10, 2020 18:22 UTC



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