Oil Traders Turn Bullish for 2025
Irina Slav
Irina is an author for Oilprice.com with over a years of experience composing on the oil and gas market.
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By Irina Slav - Jan 08, 2025, 6:00 PM CST
Petroleum traders have actually moved from net brief to net long positions in oil and fuel futures.
Trump's prospective re-enforcement of sanctions on Iran might decrease Iranian oil exports, especially to China.
Extra elements such as slowing oil production development in the Permian Basin, China's supporting need, and OPEC+ production cuts are enhancing bullish belief in the o...