Oil Bottomed? Long

NYMEX:MCLJ202360

Micro WTI Crude Oil Futures (Apr 2023)NYMEX

Description

⋅ Mar 24, 2023 2:45 PM

To me, so far at least, it looks like maybe $65 was bottom. Oil normally is a seasonal trade, and summer prices go up usually anyway. More travel by boat, air, and car = more demand = higher price. It's not hard.