Ernsberger: Expect Oil Prices to Fall Before 2025 End

Oil steadied as progress between the US and China on trade was offset by concerns about a glut. Meanwhile OPEC+ has pushed ahead with output increases despite warnings that it...

By Bloomberg Markets · Bloomberg Markets

Oil steadied as progress between the US and China on trade was offset by concerns about a glut. Meanwhile OPEC+ has pushed ahead with output increases despite warnings that it may pause or reverse its campaign of production hikes. Dave Ernsberger, President of S&P Global Commodities Insight spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East & Africa to give their outlook to the oil market. (Source: Bloomberg)