HomeMarketsU.S. Economy & JobsCrude Oil Hits $91: OPEC, China, & Libya As Catalysts

Crude Oil Hits $91: OPEC, China, & Libya As Catalysts

The crude oil price hit the $91 level overnight. Is the Federal Reserve not happy about this going into the FOMC meeting? Are the extended OPEC cuts, Libya flood catastrophe, and China news catalysts for the increased price in the energy commodity? Next, Scott Bauer says that Jerome Powell could take a hawkish stance. Also, will Europe will follow the mantra of higher for longer?

Futures

15 Sep 2023

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