3 reasons why oil prices won’t rally anytime soon

It’s a worrying time for oil markets

It’s a worrying time for oil markets as bullish news fails to drive oil prices higher and a wave of negative developments look set to hit the industry in the coming weeks.

It’s been disheartening for the bulls that oil prices have failed to break out over the past few weeks despite a flurry of positive news including declining inventories and reports that OPEC+ producers have mostly been sticking to their pledged cuts.

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