WTI is heading to recover lost liquidity from summer
Oil is a commodity, meaning that it does not have value unless we determine it.
Price is a reflection of the pull of supply and demand across the globe
1. From October winter is coming to Europe and oil one of their son energy source for both heating and industry cooling. Beginning of October.
2. Russia and Saudi Arabia, the crude oil supplies have agreed to limit their output to keep crude oil prices above 90. 23 August 2022.
3. The US Federal fund rate is executed to be less that 2.5% a far cry from its 8% inflation. And the FED has promised to keep increasing these rates to control inflation. The Dollar will gain strength from such events however inflation will weaken enough to allow increasing oil prices. Hedge funds and Investors are bracing for the bottom and Oil companies Se to be the best thing to invest money into during thos recessive time.
Good luck, it's only a perspective
Trade at on discretion and Risk.
Price is a reflection of the pull of supply and demand across the globe
1. From October winter is coming to Europe and oil one of their son energy source for both heating and industry cooling. Beginning of October.
2. Russia and Saudi Arabia, the crude oil supplies have agreed to limit their output to keep crude oil prices above 90. 23 August 2022.
3. The US Federal fund rate is executed to be less that 2.5% a far cry from its 8% inflation. And the FED has promised to keep increasing these rates to control inflation. The Dollar will gain strength from such events however inflation will weaken enough to allow increasing oil prices. Hedge funds and Investors are bracing for the bottom and Oil companies Se to be the best thing to invest money into during thos recessive time.
Good luck, it's only a perspective
Trade at on discretion and Risk.