Peter McGuire suggests oil prices are rangebound, influenced by growth in Brazil, China, and India. Despite OPEC+’s unchanged demand forecast, continued economic re-engagement should sustain consumption. The market anticipates OPEC+ potentially pausing output hikes after September, contingent on tariffs, inflation, and compliance. McGuire expects a Q4 glut, leading to cheaper oil prices due to increased production.
Wait for dust to settle before taking fresh bets, says Maulik Patel
Geopolitical tensions and market swings prompt caution for investors. Maulik Patel of Equirus Securities advises patience, suggesting a wait-and-watch approach. He notes current crises differ