Institutions: The big dump in oil prices has rendered the fundamental signals of the oil market insignificant.

GoldenOctober2024

2025-04-04 13:30:33

Jin10 reported on April 4th that Ritterbusch stated that in the extremely unusual market environment caused by Trump’s tariffs, the fundamental signals in the oil market are no longer helpful in predicting the bottom of oil prices. The company said, “Technical oversold indicators have actually become irrelevant.” The global demand weakness caused by tariffs is a “significant negative impact” that may lead to a downward adjustment in oil price expectations.

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