Crude oil prices are heading higher on a confluence of bullish tailwinds, but there are a few looming risks investors should be watching, says RBC oil expert Helima Croft.
div > div.group > p:first-child"> RBC Capital Markets' Helima Croft, the firm's global head of commodity strategy, is generally bullish on oil prices.
"The bear case [for oil] is continuing fears about global demand," Croft said Thursday."That is a really big headwind for a lot of people on oil. They're very concerned still about where trade talks go. They're very concerned about potentially weak numbers out of China; what does that mean for oil demand? So I really do think that the demand story is the big, looming negative headwind for oil. I think it's kind of the sum of all fears in terms of the oil market.
"There is a bit of a lingering fear that President [Donald] Trump could pick up the phone to Saudi Arabia and put pressure on the Saudis and say, 'You call off this OPEC cut,'" Croft said.
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