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Exclusive-OPEC hears bearish message on oil from top swap dealer's presentation

FILE PHOTO: Illustration shows OPEC logo
April 26, 2024
Ahmad Ghaddar - Reuters

By Ahmad Ghaddar

LONDON (Reuters) - An OPEC technical panel invited a top financial market dealer to give a presentation this week which painted a bearish outlook for the oil market, according to a presentation seen by Reuters.

"Market sentiment had been fragmented for much of this year, but the evidence is that there has been a recent shift in collective sentiment to bearish as we head towards the end of the calendar year," one of the presentation slides by Onyx Capital Group showed.

(Additional reporting by Dmitry Zhdannikov; Editing by Jan Harvey)

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