Name: Crude Oil Rallying Due To Weakening U.S. Dollar
Uploaded: 2023-01-13T21:25:21.771
Duration: 7 min 46 s

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Crude oil futures are back to trading around the $80 price level. "The U.S. Dollar has been in freefall since September 2022, which has offered support to some commodities. Could investors see a U.S. Dollar price of $97 if it stays below $106? That alone will give a boost to crude oil. Speculators have liquidated their long positions over the last few months and now they are starting to reaccumulate. They are doing this due to the China reopening story," says Carly Garner.