HomeBusinessEnergyBearish On Crude Oil With A $60 - $65 Range
Bearish On Crude Oil With A $60 - $65 Range

"The Chinese demand situation is only taking 600K to 700K barrels off the market. This is not a supply and demand issue, but more of a psychological one for investors. This has taken some froth out of the markets. Usually there is a lot of volatility in crude oil after Thanksgiving as the December contract is coming off the board. I have been bearish oil for a long time with a target of $60 or $65, but this is the time to be looking for a buy in oil," says Carley Garner.

Futures

30 Nov 2022

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