Updated

Updated · Bloomberg · Jun 13

Oil Prices Defy $150 Forecasts as China Demand Drops and US Exports Rise

Updated

Updated · Bloomberg · Jun 13

Oil Prices Defy $150 Forecasts as China Demand Drops and US Exports Rise

3 articles · Updated · Bloomberg · Jun 13

$150-a-barrel predictions have not materialized, with crude prices staying below levels many analysts had expected by now.
China's weaker demand has undercut the rally, while rising US exports and higher output from producers including Brazil have added supply.
The pattern reflects a broader commodity dynamic: higher prices curb consumption, spur new production and encourage substitutes, limiting sustained spikes.

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6 total

Left100%

Bloomberg3h ago

Oil Prices Defy $150 Prediction Amid China Demand Drop, US Exports, Production Boost

geopoliticsunplugged.substack.com19h ago

Oil Markets React: Trump Cancels Iran Strikes Major Settlement Incoming | Rapid Read 12 June 2026

Instagram3h ago

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