The oil price continues to soar as despite the huge degree of uncertainty surrounding the future of the global economy, with forecasts of a strong decline of GDP in the majority of countries, investors are betting on oil demand bouncing back relatively quickly, particularly from Asia. Furthermore, the recent rally is also being driven by expectations that a decline in production could see a temporary switch in the market balance from a huge oversupply to a possible deficit.
Chief analyst at ActivTrades and technical analyst for Italian newspaper 'La Stampa'. Carlo Alberto provides regular commentary for UK outlets including the BBC, Telegraph, the Independent Bloomberg & Reuters. He is also a weekly commentator for CNBC Italy and a columnist for La Stampa. He worked for Bloomberg as their Equity Research Fundamental Analyst before joining brokerage ActivTrades in 2011 to specialize in currency markets and commodities. In 2014 he published a 250-pages book on gold and the gold market, followed in 2018 by a new updated edition.
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© 2019 High Leverage FX - All Rights Reserved.