"Crude oil price would be in a stronger position if it closed above $75 month-over-month. If this happens, it could rally to $88 and then $91. However, if crude oil closes below $75, it opens the door to a $58 price level. There is nervousness over the hawkish Federal Reserve and the reopening of China, which are both affecting crude oil levels. Investors can take a lot from Jerome Powell's statements moving forward," says David Williams.
07 Mar 2023
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