Name: Crude Oil Price: Bulls Not Happy
Uploaded: 2023-03-28T20:48:26.995
Duration: 9 min 43 s
Description: The rise in crude oil prices is telling traders of a possible China reopening and maybe that the regional banking crisis is not as bad as initially thought. There are also supply disruptions coming out of Iraq. Scott Bauer says that he would not be trading crude oil on the China story. Also, it is difficult to track one commodity and compare it to the overall market, as well as the U.S. economy.

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The rise in crude oil prices is telling traders of a possible China reopening and maybe that the regional banking crisis is not as bad as initially thought. There are also supply disruptions coming out of Iraq. Scott Bauer says that he would not be trading crude oil on the China story. Also, it is difficult to track one commodity and compare it to the overall market, as well as the U.S. economy.