Fundamentally Bullish On Crude Oil
Schwab Network
English - February 01, 2023 16:38 - 8 minutes - 85.1 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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"Fundamentally, traders believe that the Federal Reserve could stop hiking interest rates in March as economic indicators suggest that inflation is starting to come under control. Oil prices continue to climb on positive economic data. Rising Chinese demand and growing geopolitical risks for the Middle East are cause to be bullish on crude oil. If crude could close monthly above $75, that would keep it in a stronger position," says David Williams.