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home / news releases / USOI - Will A Trend Towards Tighter Supplies Lead To A Turnaround For Oil Prices?


USOI - Will A Trend Towards Tighter Supplies Lead To A Turnaround For Oil Prices?

Summary

  • Why Chinese demand will drive oil prices this year.
  • Oil supplies have been softer, but that trend is unlikely to continue.
  • Have oil prices bottomed for 2023?

The price of crude has been hovering around $80 per barrel, mainly on concerns about global demand and slowing economic growth. But Hussein Allidina, Head of Commodities at TD Asset Management, says that may change as China reopens and supply levels grow tighter.

Original Post

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Will A Trend Towards Tighter Supplies Lead To A Turnaround For Oil Prices?
Stock Information

Company Name: Credit Suisse X-Links Crude Oil Shares Covered Call ETN
Stock Symbol: USOI
Market: NASDAQ

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