HomeMarketsIndicesCrude Below 100, See 103 to 104 by 3Q 2022
Crude Below 100, See 103 to 104 by 3Q 2022

Crude (/CL) is back below the 100 level. David Williams, Investor and Forecaster at PageTrader, points to the Russia-Ukraine negotiations as creating swings in the market. He says the Federal Reserve will likely raise interest rates, which could also push crude down. Longer-term we are expecting crude to trade back up to 103 to 104 by the third quarter of 2022, he explains. If April crude futures cannot close daily above $100, then we expect further decline to $91 or $90 by next week, he adds. They apply volatility to their models. He discusses the upcoming the Fed interest rate announcement and says the S&P 500 could test the 4101 level this week or next.

Futures

15 Mar 2022

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