Oil Market Sentiment Shifts As Supply Concerns Mount

Oil markets are spiraling downwards as bearish factors mount and sentiment shifts. One of these factors is the concerns over rising exports from OPEC+ in Q3, with the possibility of a total breakdown of the OPEC+ agreement. Another factor is the possibility of a Joe Biden election victory in the US, which could lead to the lifting of sanctions on Iran and the removal restrictions on Iranian crude oil exports. Joe Biden is ahead of Donald Trump in most national polls.  Furthermore, the market has been weighed down by concerns that oil demand…