Surveillance: Covid Zero with Weinstein
Bloomberg Surveillance
00:00
Is the Chevron Story a Demand Side Story?
The future of oil is very, very hazy right now. What's interesting though is that the fact that prices are kind of low now could actually spur more European utilities to switch from natural gas to oil. And that could then later kind of send a bump into oil prices. So I do think that it is somewhat of an imagination of a demand side story because you do have a situation where I think futures trading is impacting the prices now.
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