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7.3

Commerzbank cites Chinese demand peak and Iranian supply as downward pressure on oil prices

Commerzbank analyst Carsten Fritsch attributes current downward pressure on oil prices to a peak in Chinese demand and the impact of softer-than-expected US sanctions on Iranian exports. These factors are offsetting supply risks stemming from ongoing tanker disruptions in the Strait of Hormuz.

FXStreet Forex Newsabout 12 hours agoCN, US, IRengCredibility 46%View source

Score Breakdown

Mosaic Score7.3
Confidence0.7
Significance0.5
Source credibility0.5

Intelligence Tags

#oil#china#iran#sanctions#commodities

Locations

Strait of Hormuz

Entities

countrycountrycountryconceptregion
Source

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