Crude Price Rally On US-China Trade Deal To Be Limited
Crude futures hit successive new four-month highs through the second half of March, but the ascent was jagged, with each price surge bringing a wave of sell-off in its wake. Prices are in a tug-of-war between lingering global growth concerns on the one hand, and supportive supply fundamentals on the other, as OPEC and allies tighten supply.
The saga of the US-China trade negotiations continues to dominate investor sentiment but much of an imminent agreement has already been priced in, through growing optimism.
All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.