Declines in oil prices were driven by US inventory buildup, lowered expectations for interest rate cuts, and concerns about future inventory floods, impacting market sentiments and long-term predictions.
The expectation of a one-time interest rate cut and strict monetary adjustments are reshaping market narratives, avoiding drastic monetary policies adopted in the past, as seen with the European Central Bank.
Long-term predictions by the International Energy Agency indicate possible oil surplus expansion by 2030, leading to market pessimism, while demand growth will peak in Asia but decline in advanced economies by 2030.
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