Weekly Fundamental Crude Oil Price Forecast: Volatility to Remain
Net-long positioning in the oil futures market remains near its yearly low, and its lowest level since August 2016.
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Net-long positioning in the oil futures market remains near its yearly low, and its lowest level since August 2016.
Gold prices had a relatively tame week despite sharp losses on Friday. More concerning is the renewed push higher by real yields in developed economies.
Gold prices are coming off of one of their worst weeks of 2022.
Crude oil prices continue to push higher, with fundamental tailwinds buttressing an already-bullish technical posture.
As the Russian invasion of Ukraine presses into its second month, there are no signs that energy supply chain concerns are going to abate.