Ample supply, geopolitical upheavals and OPEC production cuts are just some of the factors weighing on oil traders' minds in 2020. Oil market analyst & commentator Gaurav Sharma discusses the various permutations and crude price direction with ReachX co-founder Rafael Samuel-Lajeunesse.
To listen to Gaurav Sharma's podcast on SoundCloud click here.
Sharma notes that the oil market has learned to live with geopolitical strife in the Middle East courtesy of a flood of non-OPEC barrels, with an additional 2.1-2.3 million barrel per day uptick in production growth forecast over 2020. Over a wide-ranging podcast, the oil market commentator also says much of the supply-side support is coming in the shape of US producers acting as a buffer against supply shocks. Furthermore, concerns over global demand are preventing oil futures from breaking their range-bound streak.
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