- March 8, 2019
- 3042 views
Oil prices have rebounded since late December on signs that OPEC production cuts are working. Could it be traders are overlooking evidence pointing the other way? While stronger fundamentals are coming predominantly from the US, how can folks say the global supply-demand balance has tightened by looking exclusively at US inventory data? Rising Chinese stocks since late 2018 may tell a more bearish global story.