Why Is Oil Trading Higher When Coronavirus & Inventories Soften Prices?
Did you know that WTI oil should be lower on the back of weaker growth demand and higher crude inventories?
Oil traders, however, seem to be discounting the weakening components as it becomes clear to them that OPEC is determined to keep prices balanced!
Our head of Investment Research and our top Asia-Pacific market researcher Daniel Grady discuss Coronavirus, oil demand growth and argue if it really is OPEC who has the upper hand!
Join now and find out what you should focus on when trading oil, or its close counter-tradable assets!
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The post Why Is Oil Trading Higher When Coronavirus & Inventories Soften Prices? appeared first on Orbex Forex Trading Blog.