HomeBusinessEnergyShort Coverings Extend Crude (/CL) Rally
Short Coverings Extend Crude (/CL) Rally

I would wait for any pullback on crude, and with the higher lows, the mid and high-nineties prices are gone, and you'll have to wait for any correction to about $105, says Phil Streible. You will see another wave of short covering extending the rally, he explains. He and Ben discuss the chart of Occidental Petroleum (OXY). Phil talks about the high prices of gasoline. Tune in for the full discussion.

Futures

17 May 2022

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