D. Alexander Capital CIO Shares Oil Forecast Insights With Ausbiz

Forecasting oil prices has become more challenging as OPEC+ has begun to accelerate the reduction in its production cut target and the recovery in global oil demand has suffered from renewed lockdowns.

The willingness of investors to look past the incoming economic data in favor of lower Treasury yields represents a recent shift in the underlying tone of the market. This isn’t to suggest US rates have only recently started ignoring the data; that’s been a reality throughout the pandemic.

— Larry Shover, Chief Investment Officer, D. Alexander Capital