HomeBusinessEnergy Sector, Oil, & Gas Stock NewsBullish On Crude Oil Amid Sellers' Exhaustion

Bullish On Crude Oil Amid Sellers' Exhaustion

Is the stock market still bullish on crude oil? OPEC+ is continuing to add barrels. However, they are not worried about the demand landscape. How is the EIA Petroleum Status Report affecting the crude oil price? "Stocks got beaten down after earnings season and sellers became exhausted. Negativity became extreme from a supply and demand perspective. It's important to monetize a trading move," Bill Baruch says.

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02 Jun 2022

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