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Despite Crude oil witnessing a sizeable correction since late October, the technical outlook presents a rather bullish case as the $80 mark proved too much for bears to handle.
Crude oil prices fell despite OPEC+ maintaining output hike trajectories for December. WTI is eyeing US non-farm payrolls as retail positioning offers a bearish contrarian outlook.
Oil prices went lower today as stockpiles in the US were higher than anticipated and possible supply from Iran soothed markets. Will crude hold lofty levels?
WTI crude oil has managed to maintain high prices at a time when inflation concerns are growing. Will it keep going to drive up inflation even further?
WTI and Brent crude oil both hit lofty levels today as inflation is acknowledged as being more persistent than previously thought. Will crude continue higher?