|2020-05-14 来源： 中国石化新闻网|
洪伟立 摘译自 Investing.com
Oil markets have reasons to stabilise now
Oil volatility has started to recede now as the market is starting to see an end to the present crisis. Although we are not necessarily going to see a huge relief rally in price straight off the mark we are seeing the recent panic levels pulling off recent highs:
We had a brief rally on Monday this week as Saudi Arabia and other OPEC producers announced further output cuts. US production as a whole is continuing to fall. Oil exploration in the US is now at its lowest level since the start of the Shale boom and the US Shale industry has essentially now been delivered a hammer blow that it is hard to see it recovering from.
In terms of supply and demand, Standard Chartered are saying that the market will balance in July and then move into excess consumption. Furthermore, hedge funds have boosted their bullish perspective for WTI to the highest in a year.