HomeInvestingBondsCrude Oil Positive Correlation With Volatility, Lower Price Makes Sense

Crude Oil Positive Correlation With Volatility, Lower Price Makes Sense

The crude oil price is trading lower as there is anticipation from news out of OPEC+. How does PMI data impact the energy commodity? Bob Iaccino weighs in on weak manufacturing, the end of the summer driving season, and increased exports from Saudi Arabia and Russia. Will the crude oil price reach $100 in the short-term? Iaccino says that there is a positive correlation with volatility.

Futures

04 Oct 2023

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