What's Driving Crude Prices Up

The tightness in crude (/CL) inventories and Iranian sanctions are what ran prices up, says Phil Streible of Blue Line Futures. You want to trim some of your positions at the top, he suggests. Gasoline (/RB) has high demand as people are traveling more domestically after being vaccinated. Phil likes copper (HG) on this correction. He also gives his thoughts on gold (/GC).

Futures

27 May 2021

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What's Driving Crude Prices Up

The tightness in crude (/CL) inventories and Iranian sanctions are what ran prices up, says Phil Streible of Blue Line Futures. You want to trim some of your positions at the top, he suggests. Gasoline (/RB) has high demand as people are traveling more domestically after being vaccinated. Phil likes copper (HG) on this correction. He also gives his thoughts on gold (/GC).

Futures

27 May 2021