There is deep relaxation on the oil market, the price is close to its annual low. This is a good and bad message at the same time.
A column by Holger Steffen, investment expert and advisor for the Value Stars Germany Index.
The good news first: The ongoing war in Ukraine and the renewed attempts to restrict Russia’s oil exports no longer have a noticeable impact on the price of oil. This has just reached its previous annual low again. The bad news is that – with good supply – this is due to low demand, which in turn does not reflect well on the global economy. […]