Oil prices to see little upside as weak demand, supply glut concerns persist
1. China's sluggish demand may keep oil prices below $80 this year. 2. U.S. sanctions on Russian crude could provide some price support.
FAQ
Why Bearish?
Sluggish demand and oversupply concerns typically lead to lower prices, affecting BNO negatively.
How important is it?
Oil price forecasts directly impact BNO, which is linked to oil markets.
Why Short Term?
The factors influencing oil prices are immediate and may not last long-term.