Showing posts with label Simon White. Show all posts
Showing posts with label Simon White. Show all posts

Friday, November 1, 2024

Crude Oil Prices vs. Global Excess Liquidity | Simon White

Oil prices are set to rebound due to a historic rise in global liquidity. These are strange days indeed. Policy has been eased in an economy showing scant definitive signs of accelerated slowing; liquidity conditions, which were already robust, have been turbocharged.
 

The recent rise in G10 excess liquidity to a level it has only eclipsed once before is a very positive tailwind for crude prices.