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Overnight, following the recent Saudi turmoil, prices in the
crude complex jumped to the highest levels in over two years, amid
speculation that Saudi Arabia is more likely to back output curbs
following this weekend’s crackdown by Crown Prince Mohammed bin
Salman. “It creates some hope that the current policy by the Saudis
will be continued after March,” said ABN Amro senior energy
economist Hans van Cleef. “We’re still in the longer-term upswing,
the uptrend is still intact”, and indeed Dec. WTI rose +31c to
$55.95/bbl after…
crude complex jumped to the highest levels in over two years, amid
speculation that Saudi Arabia is more likely to back output curbs
following this weekend’s crackdown by Crown Prince Mohammed bin
Salman. “It creates some hope that the current policy by the Saudis
will be continued after March,” said ABN Amro senior energy
economist Hans van Cleef. “We’re still in the longer-term upswing,
the uptrend is still intact”, and indeed Dec. WTI rose +31c to
$55.95/bbl after…
Overnight, following the recent Saudi turmoil, prices in the
crude complex jumped to the highest levels in over two years, amid
speculation that Saudi Arabia is more likely to back output curbs
following this weekend’s crackdown by Crown Prince Mohammed bin
Salman. “It creates some hope that the current policy by the Saudis
will be continued after March,” said ABN Amro senior energy
economist Hans van Cleef. “We’re still in the longer-term upswing,
the uptrend is still intact”, and indeed Dec. WTI rose +31c to
$55.95/bbl after…
crude complex jumped to the highest levels in over two years, amid
speculation that Saudi Arabia is more likely to back output curbs
following this weekend’s crackdown by Crown Prince Mohammed bin
Salman. “It creates some hope that the current policy by the Saudis
will be continued after March,” said ABN Amro senior energy
economist Hans van Cleef. “We’re still in the longer-term upswing,
the uptrend is still intact”, and indeed Dec. WTI rose +31c to
$55.95/bbl after…