Name: Bearish On Crude Oil?
Uploaded: 2022-11-25T19:30:08.133
Duration: 6 min 54 s
Description: "Crude oil price dropped the most this week since April 2022 partially due to Chinese weakening demand and sharp increases in Covid cases in that region. Also, overall money tightening by central banks globally has had an impact. This is after the 2M barrels per day cut in production by OPEC+. In response, investors are viewing crude oil in a bearish outlook," says David Williams.

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"Crude oil price dropped the most this week since April 2022 partially due to Chinese weakening demand and sharp increases in Covid cases in that region. Also, overall money tightening by central banks globally has had an impact. This is after the 2M barrels per day cut in production by OPEC+. In response, investors are viewing crude oil in a bearish outlook," says David Williams.