BLACKBULL:WTI West Texas Intermediate Crude Oil cash
Basically, the demand for oil will increase after the risk of the market going off due to the risks and the corona crisis. As it was revealed in yesterday's calendar from the report of oil reserves for the United States, its consumption has been increasing sharply.
There is an increase in demand for oil for global oil .
But there is also an important issue to consider. If we are a little forward-looking, we should know that the efforts of the big economic countries are to curb . What the US is pursuing is a balance between the and controlling . Hence, the is adopting Hawkish policies, as has been expected of the bank over the past few months, and it has. The reports that in 2022 it will experience three stages of interest rate increases. So what we expect and anticipate is that with rising interest rates and declining liquidity, sales figures, corporate profitability and will decrease. Retail sales will decrease and companies' revenue generations will decrease. As a result, what companies are doing is controlling costs and reducing production. Demand for oil will decrease as production declines, and what we will have next year is definitely a drop in world oil prices.