VIDEO: Global oil outlook – five factors to watch in week 34
Eloise Radley
20-Aug-2024
LONDON (ICIS)–Crude benchmarks are likely to be subject to bearish pressure in week 34 as Chinese oil demand concerns take centre stage.
However, European and US economic data released later this week may provide clues to future monetary policy decisions and provide hope for upcoming interest rate cuts.
ICIS experts look at factors that are forecast to drive oil prices in Week 34.
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