Hedge funds bet against steady recovery in oil market – OilPrice.com
The slow recovery in global oil demand is delaying the rebalancing of the oil market and adding downward pressure on oil prices. At the end of the first half of 2020 in June, many analysts and experts predicted that the global balance of oil supply and demand would be in supply deficit in the third and fourth quarters of this year.
Although there was an inventory prints in recent weeks,…
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