Oil Heads for Major Weekly Slump With Russian Supplies in Focus
“Positive signals from this week’s US-Russia talks — and plans for a direct Trump-Putin meeting — have eased concerns over Russian supply disruptions, causing a significant retreat in geopolitical risk premiums,” said Gao Mingyu, chief energy analyst at SDIC Essence Futures Co. The market may shift toward more bearish sentiment, driven by pessimistic supply-demand fundamentals, given the peak season will be over soon, she added.
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