EIA Update: Data remains bearish and demand falls
This week Mark brings up some fresh perspectives on what is going on with the global crude oil markets and inventory levels.
Segment 1: EIA continues to post bearish data. What is the reason behind that?
Segment 2: Demand is falling to close the gap. But is this a short term trend or a longer term? Watch the clip below to know.
Segment 3: Physical oil markets are under pressure as we have been highlighting from a while. Asian demand is driving this weakness.
By: Osama Rizvi; Energy Market Analyst at Primary Vision Network