Oil demand is unlikely to recover until travel restrictions globally have eased, strategists at ANZ Bank report. Key quotes “Demand has collapsed and is likely to be weak for the foreseeable future. We estimate a demand loss of 20mb/d in Q2, as travel restrictions persist across many countries.” “A supply side response is inevitable, although the chance of a coordinated global supply cut is low. We expect low prices and limited storage to force closures, primarily in North America and Europe.” “Risks are still skewed to the downside for prices, in the short-term.” 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 CAD: Is The Worst Behind Us? – Credit Agricole Kenny Fisher 2 years Oil demand is unlikely to recover until travel restrictions globally have eased, strategists at ANZ Bank report. Key quotes “Demand has collapsed and is likely to be weak for the foreseeable future. We estimate a demand loss of 20mb/d in Q2, as travel restrictions persist across many countries.” “A supply side response is inevitable, although the chance of a coordinated global supply cut is low. We expect low prices and limited storage to force closures, primarily in North America and Europe.” “Risks are still skewed to the downside for prices, in the short-term.” 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.
