The fall in oil prices is unsustainable

17 באוג׳ 2021Despite the current bearish sentiment in the market, there is a lack of short-term material support for lower oil prices. Opec + has no desire to increase production, indicating that they would like to see a higher oil price market for a sustained period of time, so the decline is likely to be short term, bullish above 65 and seeing around 59 below 65.