17.7 C
Munich
Saturday, June 15, 2024

Oil starting to look oversold, as physical market shows price collapse excessive

Must read

- Advertisement -


Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Crude oil futures rose Friday to take a bit of the sting off a downbeat week that sent the U.S. contract to its lowest level since late 2021, driven by fears of a recession and risk aversion prompted by turmoil in U.S. banking.

- Advertisement -
- Advertisement -
- Advertisement -



Source link

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article