Name: Crude Oil Price Hovers Around $90 Amid Inflation Fears
Uploaded: 2022-11-07T19:52:48.541
Duration: 7 min 39 s

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The WTI Crude Oil Futures price is hovering around $90. "Investors sold the open last night and are wondering what is next. $90 is a pivot, but it has to come down to the Consumer Price Index or CPI number. Just five weeks ago, the crude oil price was $76 and now inflation fears are the driver. Jerome Powell pivoted to be more hawkish. If China reopens and saves face, there will be more demand for crude oil," says Chris Robinson.