Concerns around demand have put pressure on oil prices recently. Amid worries over softening economic data out of the U.S. and a wider structural shift towards cleaner energy sources, October crude futures (CLV24) - the most active contract - have slumped nearly 10% in the past month alone.
However, the current oil slump could be an opportunity to invest. For starters, the presidential debate provided hints that oil is a critical component of both candidates' energy policies. Further, research from Stanford University indicates that oil is still the most-used energy resource worldwide, and provides more than 90% of global transportation energy. And while McKinsey forecasts that oil demand will decline by up to 50% by 2050, the firm still sees demand for oil remaining strong at least through 2030.
However, the current oil slump could be an opportunity to invest. For starters, the presidential debate provided hints that oil is a critical component of both candidates' energy policies. Further, research from Stanford University indicates that oil is still the most-used energy resource worldwide, and provides more than 90% of global transportation energy. And while McKinsey forecasts that oil demand will decline by up to 50% by 2050, the firm still sees demand for oil remaining strong at least through 2030.
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.