🌟🌟🌟The potential for increased supply of crude oil by OPEC, concerns about slowing global demand are creating a situation where lower prices of oil is possible.
Goldman Sachs analysts are also bearish in oil due to the potential of a global economic slowdown. A weaker economy means less demand for energy. This is a powerful downward force in oil prices.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments