By Osama 
Crude oil prices may experience a significant short-squeeze as bearish sentiment peaks. US oil production growth has been stagnant, and OPEC+ production cuts are just now affecting exports. Despite low inventories and reduced exports, oil prices remain low due to moderate global demand, especially from China.
US crude production has been flat for 12 months, and OPEC+ has only recently reduced exports. This situation has led to five-year lows in US crude inventories due to high refinery activity. However, weak global demand, notably in China, has kept oil prices suppressed.
As economic growth improves, oil prices might rise. Current bearish sentiment and speculative positioning suggest a potential for a price surge. A focus on inventory trends and refinery activity will be crucial in predicting this shift.
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Sadiq Al Gobahi