The crude oil price is higher on expectations of a drop in Russian supply. "Crude oil has been firming up the last few weeks and made the low for the year in December. Futures are back over the 20 day average and there is difficult resistance in the low $80 price range. The offshore drillers were dormant for the last 7 to 8 years, but now are getting a lot of business. That would not be happening if consumers had a bearish outlook on crude oil," says Wayne Kaufman.
23 Dec 2022
Futures
24 Jan 2023
Futures
08 Feb 2023
Futures
13 Feb 2023
Market On Close
04 Jan 2023
Trading 360
26 Mar 2023