Factors Contributing to the Expected Rise in Oil Prices

Tuesday, 2 July 2024, 16:35
Oil prices have shown a steady increase after a brief dip to $73 a barrel. Hussein Allidina, MD and Head of Commodities at TD Asset Management provides insights on the factors pointing towards a potential rise in oil prices.
Seeking Alpha
Factors Contributing to the Expected Rise in Oil Prices

Oil Price Outlook

Oil prices, currently around $73 per barrel, have been on an upward trajectory

Expert Insights

Hussein Allidina, MD and Head of Commodities at TD Asset Management, sheds light on the reasons behind the expected price surge

  • Supply and Demand Dynamics: Factors like inventory draws and increased summer driving contribute to the positive outlook
  • Market Analysis: Allidina forecasts a favorable trend in the near future
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