HomeMarketsU.S. Economy & JobsCrude Oil Price Risks: Macroeconomics & Geopolitics

Crude Oil Price Risks: Macroeconomics & Geopolitics

Crude oil price per barrel seems to be consolidating around $85 to $86. Will the WTI market continue to fade the geopolitical crisis? Tamar Essner says that the global economy runs on the access to capital, and not necessarily on energy. However, supply risks could indicate a bullish move for crude oil. Is the reason for gasoline prices coming down in the U.S. due to a softening demand?

Futures

24 Oct 2023

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