Comprehensive Analysis of the Oil Market (Video) - FINANCIAL-24
By EconMatters
Comprehensive Analysis of the Oil Market (Video) - FINANCIAL-24
Comprehensive Analysis of the Oil Market (Video) - FINANCIAL-24 - about Dollar Index, about EconMatters, about Investing, about Oil Market, about OPEC, about Trading, about Video,
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By EconMatters
By EconMatters
We examine the EIA report in considerable detail, discuss the ongoing fundamentals of the oil market which are in tension as we speak, the longer term economic dynamics of the market, and close with some technical talk of the futures market for the WTI and Brent contracts. What is the Backwardation in Brent fortelling about the near term price direction for the oil market? The bears biggest argument remains the 9.5 million barrels a day of Crude Oil Production in the United States. The argument is that the global oil market wasn`t setup for this type of US Oil Production without much more dynamic global growth.
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