HomeMarketsIndicesCrude Oil Price To Move Higher?
Crude Oil Price To Move Higher?

According to the IEA, oil inventories are at the lowest level since 2004. OPEC warns of uncertainties in oil supply and global growth. "The crude oil price has been in a good trading range and I like it to the upside. With colder weather, you will see movement in heating oil and natural gas. OPEC is just trying to balance out supply and demand. Crude oil is not really inversely correlated to the U.S. Dollar, but other commodities like precious metals were impacted," says Phil Streible.

Futures

15 Nov 2022

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