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.”