Name: Crude Oil Moving Higher: Dilemma For Equity Traders
Uploaded: 2023-09-18T16:06:59.501
Duration: 12 min 29 s

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The crude oil price continues higher and that is not what the Federal Reserve wants to see. Recently, the energy commodity hit a new 2023 high. How are gasoline, jet fuel, and diesel prices performing? Wayne Kaufman says that hot summer weather caused production cuts. Russia and China are cutting exports even with global inventories. Should traders be bullish or bearish on crude oil? Kaufman states that momentum indicators look positive.