HomeBusinessEnergyCrude Oil Price Needs To Be $65 Before It Gets To $105
Crude Oil Price Needs To Be $65 Before It Gets To $105

"It is unlikely that the crude oil price is not being watched by the Federal Reserve as it has an effect on goods inflation. Now we have a transport issue with diesel inventories at all time lows. My base case for crude oil is that we need to get to $65 before we get to $105. I am long crude oil now with a price target of $96. Energy demand is still weak and Russia is already 2M below their OPEC+ quota," says Bob Iaccino.

Futures

02 Nov 2022

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