Bullish Sentiment Is Slowly Building In Oil Markets

Oil prices have been slowly moving higher in recent weeks as bullish sentiment begins to build on the back of Saudi Arabia's supply cut and Russia's pledge to cut its oil exports.Chart of the Week- China’s attempts to boost domestic industrial production are increasingly showing the limits of government stimulus despite international agencies such as OPEC or IEA continuing to bet on strong Chinese demand growth in H2 2023. - The year-on-year growth of broad money, known as M2 supply, has risen to 11.6% in most recent data readings, the…