US Treasury Secretary Bessent reiterates his view that oil prices will be lower in six-months, cites the market curve
Context
Bessent's assertion about lower oil prices in six months suggests a bearish outlook that could influence market sentiment surrounding energy stocks and commodities. This type of guidance often reflects broader economic expectations, which can have implications for inflation and central bank policy. Traders should monitor how this viewpoint affects oil-related investments and the overall energy sector's performance.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#EU SESSION#ENERGY & POWER