The United States bought crude for its strategic reserves last week for the second week in a row, Jens Nærvig Pedersen reports from Danske Bank.
The oil market to continue the struggle in the short term
“On the one hand, the United States began to support the oil market in the wake of the recent decline in prices and stopping the purchase, but on the other hand, it buys at a slow pace given the low current prices.”
“The recent signs of weakness in the American economy besides the upcoming OPEC+ in the output of the output and uncertainty in commercial policy have been fed with the homosexuality in the oil market, and if you do not pick up the purchase in the United States the oil market, it is possible that it will continue to conflict in the short term.”
