VIDEO: Global oil outlook – five factors to watch in week 18
Eloise Radley
29-Apr-2024
LONDON (ICIS)–Crude prices will likely face downward pressure this week amid rising demand concerns.
Investors will be keeping a watch on the US Federal Reserve meeting later this week after worrying GDP and inflation data.
Despite a persistent risk premium, continued ceasefire talks between Israel and Hamas could contribute to bearish sentiment.
ICIS experts look ahead to the likely factors that will drive oil prices in Week 18.
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