• Oil: The left tail is shrinking – TDS

Market news

29 April 2020

Oil: The left tail is shrinking – TDS

FXStreet reports that strategists at TD Securities note that in energy markets, the left tail is shrinking.

“OPEC+ output curtailment is set to officially begin in just a few days, while market forces, such as persistently low prices and storage constraints, are at work to ultimately drive non-OPEC supply significantly lower.” 

“While we anticipate a long road to recovery for crude prices, the left tail may have narrowed sufficiently for market participants to begin eyeing opportunities.”

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