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Crude Oil & Stock Market Positive Correlation

Crude oil prices slip to multi-week lows. The stock market today has been correcting to the downside, while the U.S. Dollar has been correcting to the upside. When will the crude oil price correction happen? Carley Garner says that bullish traders can consider the mid to low $70 range for the energy commodity. United State producers have cut their rig count and the supply could further decrease. Also, how does the China demand story impact crude oil?

Futures

23 Aug 2023

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