Oil Prices Fall As Demand Concerns Persist
Crude prices fell on Friday morning, erasing some gains as traders remain cautious to go long on crude again
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Crude prices fell on Friday morning, erasing some gains as traders remain cautious to go long on crude again
Saudi Arabia is reportedly planning to advocate for higher oil production at the next OPEC+ meeting, which is taking place later this week
It appears that bullish sentiment is creeping back into oil markets as traders open long positions on the belief that the selloff earlier this month was overdone
The spread between Brent crude oil prices and West Texas Intermediate (WTI) hit its widest level in over three years on Monday
While current volatility makes oil price forecasts difficult, the recent return above $100 suggests markets may once again be focused on fundamentals