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27.24.2020 WTI Daily Analysis
WTI is trading at $14.68 (-13.34%) due to the fact that supply is still greater than demand. This high supply and low demand are forcing US oil
Yazar: Zack Smith
Yayınlanma: 28 Nisan 2020 00:48
Güncellenme: 16 Aralık 2025 05:51
27.24.2020 WTI Daily Analysis
WTI is trading at $14.68 (-13.34%) due to the fact that supply is still greater than demand. This high supply and low demand are forcing US oil producers to cut output. Data released by Baker Hughes on Friday showed that the number of active oil rigs dropped by 60, this is the sixth week that it has declined. However, this slow decline is not enough to balance supply and demand. The output would need to drop at a faster rate to possibly balance supply and demand and cause oil prices to recover.İLGİLİ HABERLER
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