Have Oil Markets Suddenly Turned Bearish?
Oil and natural gas prices have fallen over the past few days thanks to a trifecta of bearish catalysts: Warm weather, Putin’s natural gas intervention, and an agreement to resume talks in Vienna about Iran’s nuclear program. After trading above $85/barrel for the first time in seven years, Brent prices were quoted at $83.60 on Thursday while WTI prices dropped to $82.50. However, natural gas recorded the biggest fall, with prices falling 6.3% to trade at $5.81 per MMBtu.
Original Article Source Credits: Oil Price , https://oilprice.com/
Article Written By: Alex Kimani
Original Article Posted on: Oct 28, 2021
Link to Original Article: https://oilprice.com/Energy/Oil-Prices/Have-Oil-Markets-Suddenly-Turned-Bearish.html