Oil prices: A question of supply and demand The longer term p | Forex Trading Experts 📊 HYCM
Oil prices: A question of supply and demand
The longer term picture for oil looks strong. Many analysts point to a larger lack of investment in oil research and development which means the supply ultimately is not there should demand pick up. This is positive for oil prices longer term. However, in the short term global demand is driving prices, and expectations for many major economies slowing in 2023 have been a pressure.
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