OPEC Sending Us Into a Bearish Regime? | S6 E26

Brent Futures have been extremely bearish following US markets open, dropping to $77/bbl Monday morning. It’s all about OPEC, as the meeting over the weekend saw existing voluntary cuts extended into September 2024. This move hinted at OPEC's willingness to bring back barrels to the market. However, doubts remain about compliance from certain members and future global demand growth. Refinery margins are overall weak, with low US gasoline demand and overall US weakness permeating the European ...