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Upcoming Monthly Oil Reports to Shed Light On Latest Oil Market Drivers: Commerzbank

OIL

The upcoming monthly oil markets reports from the EIA, IEA and OPEC will shed light on whether the recent bullishness in the market its justified, Commerzbank said in a note, cited by Bloomberg.

  • Brent crude prices rallied above $90/bbl last week for the first time since end October amid economic optimism and supply risks, the bank said.
  • The monthly reports are likely to focus on the demand side, where forecasts diverge the most, the bank noted.

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