HomeLifestyleRetailUpdate On The Crude Oil (/CL) Situation
Update On The Crude Oil (/CL) Situation

Futures are trending higher following Tuesday’s declines. Fiona Boal, Global Head of Commodities at S&P Dow Jones Indices, discusses recent price action in crude oil (/CL). She goes over the market impact of the lack of an OPEC+ production agreement as well as how Hurricane Elsa could affect the crude oil market. She also talks about the correlation between crude oil and copper (/HG), the impact of a strong U.S. dollar (/DX) on crude oil, and what crude oil traders should watch next week.

Futures

07 Jul 2021

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