Oil prices, no news is bad news -Rystad Energy comments
Oil prices, no news is bad news - Rystad Energy comments
They say no news is good news. Not for oil, not now.
The storage limitation was well-known even before two-three weeks when prices were still volatile. But then, the market had something to wait for, the OPEC+ meeting, the G20. Now these are behind us and without any further agreed production curtailments traders are struggling to bet on a positive note.
But while there are no significant news, developments are running q...