NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a possible shift as traders and analysts worry about lower crude oil demand and an oversupplied market in the coming months.
After months of strength, crude oil futures are flirting with lows not seen all year as biggest oil consumer China enters additional COVID-19 lockdowns while central banks hike interest rates to fight inflation.
Front-month global oil prices have traded weaker than futures contracts for the past week, while…
