Name: Wild Crude Oil Market With A Possible Double Bottom?
Uploaded: 2023-05-22T14:47:31.065
Duration: 8 min 54 s

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The crude price seems to be comfortable in the range that traders have seen since last Fall. Carley Garner says that we are almost perfectly balanced at about 100M barrels a day for liquid fuel. Stories will start playing out that crude oil is in the $70 price range versus $100. The Chinese reopening did not go as planned and now that is built into pricing. Wildfires in Canada are taking barrels off the market. There is uncertainty with the Russian supply as well.