With the market rebalancing firmly in motion, oil prices are transitioning from relief rally to cyclical tightening, which the oil futures market is starting to feel. With supply below demand, Ehsan Khoman, Head of MENA Research and Strategy, considers whether the deficit has carved out a cyclical bottom in oil prices on today's podcast.
If you can't see the media player above, you can also listen to the audio file using the following link on your computer or mobile device. The podcast is also published on Apple Podcasts and Spotify.
Download: Oil prices transition from relief rally to cyclical tightening: The MUFG Global Markets Podcast (MP3)
You can view more insights from Global Markets Research on their dedicated website. Access requires log in details.
Follow Ehsan Khoman on Twitter for more global markets insights.