According to ANZ analysts, oil market has quickly discounted the impact of the recent attack on oil facilities in Saudi Arabia, returning its focus to the weakening economic backdrop. Key Quotes “We remain convinced that the risk of further disruptions is high.” “However, an acceleration in the slowdown in US shale oil supply will likely temper the impact of any decline in oil demand in 2020. The rig count has fallen and shale oil output has dropped from 150kbbls to only 53kbbls.” “Overall, we expect the crude oil market to be relatively balanced in 2020, with growth in US shale oil falling to only 250kb/d.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BOJ’s Funo: Oct meeting will be very important meeting, but no comment on easing further FX Street 3 years According to ANZ analysts, oil market has quickly discounted the impact of the recent attack on oil facilities in Saudi Arabia, returning its focus to the weakening economic backdrop. Key Quotes "We remain convinced that the risk of further disruptions is high." "However, an acceleration in the slowdown in US shale oil supply will likely temper the impact of any decline in oil demand in 2020. The rig count has fallen and shale oil output has dropped from 150kbbls to only 53kbbls." "Overall, we expect the crude oil market to be relatively balanced in 2020, with growth in US shale… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
