HomeBusinessEnergyWill OPEC+ Meeting Surprise Crude Oil Investors? Short Covering Happening
Will OPEC+ Meeting Surprise Crude Oil Investors? Short Covering Happening

"The CME tool that is based on options trading is indicating that there is a 50/50 chance of no change or a small output decrease when it comes to the OPEC+ meeting. Investors are seeing short covering in Crude Oil Futures (/CL). This may be a buy the rumor and sell the news event. I think that the crude oil price will be within the $80 to $90 range in the next few months," says Scott Bauer.

Futures

04 Oct 2022

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