Aremet Energy Blog Oil Prices - Global Uncertainty Derails Recovery, Increased Volatility Ahead

The oil-price trend is down. The momentum of recovery from lows in January to a peak in June has been broken by the resurgence of macroeconomic-related fears, and the emergence of fundamental data suggesting high refinery utilization rates may have overestimated end demand, resulting in unseasonable refined product inventory builds (gasoline).