When you can’t talk up the near-term outlook, you try and play the long game
- Says that the “thirst for energy will continue to grow”
Oil prices are faring slightly better on the day after the fall yesterday, with WTI up by nearly 1% to $51.90 currently. I would say it is still early days to call for a major bounce, not when there is still the risk of global growth being further hampered by the virus outbreak.