Shengbao Bank: The response of crude oil to the conflict between Israel and Hezbollah is limited

Jinshi Data News on July 29th, Shengbao Bank’s head of commodity strategy, Ole Hansen, said that the market still believes that the broader Middle East conflict has limited risk to oil supply. The market continues to follow the recent demand outlook, with Brent crude and WTI crude falling to around $80 and $76 per barrel, respectively, attracting some speculative short positions.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)