Mike McGlone
Mike McGlone|Feb 25, 2025 11:59
Energy Prices Face Trump, Downward Cycle Stage - Energy prices have bounced from 2024 lows, but headwinds from the 2022 spikes may remain the predominant force. Some combination of more cuts from #OPEC, demand revival in #China, reduction of US supply surpluses and a rising #stockmarket may be needed for #energy not to do what's normal -- stay below breakeven costs to fuel the low-price cure. Full report on Bloomberg here: https://blinks.bloomberg.com/news/stories/ss8k67t0g1kx {BI COMD} #commodities #crudeoil #naturalgas #macroeconomics @BBGIntelligence
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