The bearish effect of geopolitical events


Versione in italiano

As oil prices fall, global demand is expected to grow, both in the second half of 2018 and in 2019. In the current year, Asia is driving the increase in demand thanks to the estimated 900,000 b/d

In July, barrel prices significantly decreased. In particular, Brent North Sea quality opened the negotiations at 77.4 $/b and closed at 74.2 $/b, while West Texas Intermediate opened the transactions at 74.03 $/b, closing at 67.45 $/b.