A glut of U.S. shale oil and lackluster demand will create volatility for oil markets, according to Dan Yergin, IHS Markit's vice chairman.
A rise in U.S. shale oil output and lackluster global demand will create volatility for oil markets, according to Dan Yergin, IHS Markit's vice chairman.
"We're in one of the weakest periods since 2008 and we think demand growth this year is under a million barrels per day. So you have that factor at the same time as you have more oil coming to the market. So expect some volatility.", currently trading at $62.86 Tuesday, could stay within the $55 to $65 range.
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