FAST FIVE: Oil's Worst Day Of 2019: The Silence Before The Storm In Energy Markets
But, with oil production plunging in Venezuela and Iran, tension in the Middle East at its highest point in years, and the threat of further outages in Libya, why are oil prices not trading higher.
That discrepancy was sorted out when a wave of supply came online from OPEC+, the US, and the Trump administration gave surprise waivers to Iran.
How will the gap in expectations be resolved this time around.
That way, OPEC+ officials will have more data on how US sanctions are affecting production in Iran and Venezuela, and events surrounding the US-China trade war will also become clearer.
The difference between these two outlooks is significant.