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What’s Holding Back A Full Recovery In Oil Demand — Tsvetana Paraskova

Summary:
Odds of a V-shaped recovery in oil demand are shrinking. Demand for jet fuel will continue to drag on global oil demand for at least another two years. Permanent changes in lifestyle and possible reduced commuting in developed economies could structurally reduce demand for oil products. Demand for energy is a pretty good barometer of economic activity. Oilprice.comWhat’s Holding Back A Full Recovery In Oil DemandTsvetana Paraskova

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  • Odds of a V-shaped recovery in oil demand are shrinking.
  • Demand for jet fuel will continue to drag on global oil demand for at least another two years.
  • Permanent changes in lifestyle and possible reduced commuting in developed economies could structurally reduce demand for oil products.
Demand for energy is a pretty good barometer of economic activity.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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