Macro ESG Daily: Oil Flat, ESG Roars Ahead
OIL US production is coming back online in a big way via the FT. I can’t see any reason for the Russians and the Saudis not to push the price down again. However, with all of the talk of Russian and Chinese interference in US elections, it’s possible that the two biggest players in OPEC+ might just want to sit on their heels and let the election slide by before beginning open market operations again. I’m revising my opinion on Oil – the market will likely drift until the election and then the price will start to sell off gradually. Any rallies are traps and to be avoided. www.macroESG.com #macroESG --- Send in a voice message: https://anchor.fm/macro-esg/message