The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline), i think the market is reading this as a positive sign in terms of demand.

Vyanne Lai

Categorized in : Business

Turkey is not a big oil producer nor consumer, and the oil market appears to be displaying fatigue in response to repeated counts of geopolitical ‘ events ’ in the last few weeks, and thus only seems to react more strongly to events that matter on the fundamental side, gold prices had risen quite a bit in the aftermath of Brexit but now prices are just holding at elevated level.

The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline).

It is likely there will be some knee-jerk reaction to prices post... by Vyanne Lai

It is likely there will be some knee-jerk reaction to prices post the OPEC meeting.

We haven't seen hedge funds and money managers to be as optimistic and bullish as they are currently. They are at their most bullish since July last year, when the oil market fundamentals haven't really changed that much.