Bearish Sentiment Will Dominate Oil Markets Through 2020

We are less than two months into the new decade and we’ve already seen multiple major oil market events. The first was the killing of Qasim Soleimani, the commander of IRGC’s elite group the Quds. The assassination caused oil prices to spike as talk of a regional and global retaliation from Iran ignited fears of a major supply disruption. Then oil prices received another boost as Phase One of the trade deal between China and the U.S. was signed in what observers hoped would mark the beginning of the end of the trade war. But these bullish…