Concerns around demand have put pressure on oil prices recently. Amid worries over softening economic data out of the U.S. and a wider structural shift towards cleaner energy sources, October crude futures (CLV24) - the most active contract - have slumped nearly 10% in the past month alone.
However, the current oil slump could be an opportunity to invest. For starters, the presidential debate provided hints that oil is a critical component of both candidates' energy policies. Further, research from Stanford University indicates that oil is still the most-used energy resource worldwide, and provides more than 90% of global transportation energy. And while McKinsey forecasts that oil demand will decline by up to 50% by 2050, the firm still sees demand for oil remaining strong at least through 2030.
However, the current oil slump could be an opportunity to invest. For starters, the presidential debate provided hints that oil is a critical component of both candidates' energy policies. Further, research from Stanford University indicates that oil is still the most-used energy resource worldwide, and provides more than 90% of global transportation energy. And while McKinsey forecasts that oil demand will decline by up to 50% by 2050, the firm still sees demand for oil remaining strong at least through 2030.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.