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Quotes from the news wire:
Production cuts from the OPEC+ group of producers have been the main reason for the dramatic recovery since the 38 percent price slump seen during the final quarter of last year.
– Saxo Bank
The biggest short-term risk to the oil market is likely to be driven by renewed stock market weakness.
The big turnaround was the Japanese yen, there is clearly big time (U.S. vs Japan) rate sensitivity there, the correlation (between moves in yields and yen) is likely to one-to-one almost, and without any risk appetite meltdown that should continue.
The massive liquidity on the market has been pushing yields down.
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"Saxo Bank Quotes." Quotes.net. STANDS4 LLC, 2020. Web. 13 Jul 2020. <https://www.quotes.net/authors/Saxo+Bank+Quotes>.
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