Nucleus Wealth

Oil On Troubled Waters | Nucleus Investment Insights

Written by Damien Klassen | June 6, 2024
In this week’s podcast Nucleus Wealth's Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith, looked at the oil market, which has seen prices drop sharply. OPEC resolve appears to be crumbling, demand is still weak, Chinese EV prices are tumbling and US production strong.
 

Interruptions to Russian oil production are still a wild card which could spur the price higher, but there is not much good news around.

Agenda: Oil on troubled waters

  • OPEC shifts back to market share strategy
  • Implications for oil price
  • Implications for macro and assets
  •  

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