HomeInvestingTechnical AnalysisCrude Oil Price Still Around $80: SPR Needs To Be Refilled

Crude Oil Price Still Around $80: SPR Needs To Be Refilled

The crude oil price remains around the $80 level. The trading range seems to be within $20. What does this mean for the Federal Reserve's fight against inflation? Chris Robinson says that the Strategic Petroleum Reserve or SPR needs to be refilled. China is trying to pump up their real estate and stock market amid the slowdown. Jerome Powell and the ECB are continuing the path of higher for longer.

Futures

28 Aug 2023

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