HomeIndustriesEnergyDeming: Crude Downside Momentum ‘Does Not Appear to be Slowing’
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Deming: Crude Downside Momentum ‘Does Not Appear to be Slowing’

Deming: Crude Downside Momentum ‘Does Not Appear to be Slowing’

Dan Deming “wouldn’t be surprised” if crude oil fell below 70 next week, saying “the momentum to the downside does not appear to be slowing.” He says OPEC’s upcoming meeting could change the calculus. Another headwind he sees is any sign the U.S. economy’s growth is slowing or flattening. He also takes a look at the U.S. dollar and bonds, along with gold and bitcoin.

Market On Close

29 Jan 2025

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