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Watch: A glimmer of hope for the oil market
Warren Patterson on what next for the oil market after the demand destruction we've seen from Covid-19 and OPEC's response
Oil: A tiny light at the end of the tunnel
The latest OPEC deal to cut oil production was 'too little, too late', according to ING's Head of Commodity Strategy, Warren Patterson. And while he says the cuts were big, they're not necessarily enough to offset the demand destruction we're seeing from the effects of Covid-19. However, he believes there is light at the end of the tunnel for crude in the second half of the year but it depends on how quickly the world can recover from the coronavirus.
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17 April 2020
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more