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Crude Oil: Supply Vs Demand

The crude oil price has been selling off recently. “The crude oil chart is showing that investors are fearing that demand is going to fall short the supply. China will be a key for things to start turning around. While they are taking steps to reopen, things will be rough in the near future as they get their commerce back up and running. From a fundamental standpoint, when will the United States start building its oil reserves? It could be difficult to bring in addition production,” says Stonex Financial Inc.’s Arlan Suderman.

Futures

14 Dec 2022

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