We have again made the right call in 2021 in the oil market. As the year commenced, we at Juwai IQI shared with our valued clientele, through our newsletter, that according to our global market intelligence reconnaissance, oil prices will meander around US$50 to US$70 a barrel and that the forward price curve is very…
By Shan Saeed, Chief Economist of IQI Global
US oil prices have crashed to unprecedented lows, resulting to many plans ending in negative territory for the first time amid a devastating supply glut that has forced traders to pay others to take the crude off their hands.
Thus resulting in many bankruptcies in the…