Mar
28
Credit Suisse: The Death of Oil Demand has been Greatly Exaggerated
By$50 per barrel by May a possibility, says the bank.
Even as U.S. oil production started to slide in the second half of 2015, the downside risks to oil prices continued to dominate.
In the third quarter, broad-based manufacturing softness and financial market turmoil threatened to derail growth in developed markets, bringing some focus back to the demand side of the ledger. Annual oil demand growth proceeded to drop off in the fourth quarter from above 2 percent to 1.2 percent with acute cracks in China and advanced economies, seemingly confirming analysts’ worst fears…
Credit Suisse: The Death of Oil Demand has been Greatly Exaggerated
