Crude inventory, supply and demand in US may impact prices: David Lennox
  • WebDesk BTVI
  • Jun 19 2019

David Lennox, Resource Analyst at Fat Prophets, says he expects trade tensions between the US and China to be resolved soon and adds that if a resolution is reached, it will impact markets around in the globe as well as Trump’s re-election bid. He says the current fall in crude prices is due to oversupply, and adds that further attacks on oil tankers may escalate trade tension and send crude prices off the roof.