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Crude Oil Market to Reach $3.0 Trillion, Globally, by 2033 at 1.5% CAGR: Allied Market Research
Oil Prices Spiked 3% Monday. A Potential Iranian Attack on Israel Is to Blame
Stocks Stall as Gold and Oil 'Tinderbox Hedges' Dominate Trading
USA refinery producers are slowing down production, exacerbating concerns about global crude oil oversupply.
Some top oil refiners in the USA are reducing their operation of refining facilities this quarter, which is exacerbating concerns about the global oversupply of crude oil products.
Yangtze Securities: Is it still worth allocating PetroChina, Sinopec, and CNOOC in the face of 'Trump trade' or US recession?
Many environmental factors have changed, leading to potential differences in the crude oil industry in Trump's next term compared to the previous one.
Poor economy drags down the market and soaring risk aversion pressures oil prices to plummet.
This week (8.1-8.7), crude oil product overall showed a trend of falling first and then rising. The average price of WTI this week was $74.24 per barrel, a decrease of $2.54 per barrel or -3.31% from the previous week.
TinkerB3ll : @JustSurfacenot sure are you still in this my friend? NG getting slaughter i think WTI going down too maybe can buy into this :) i bought 90% into this as 81 is the resistance and have been unable to break it just my thoughts. Im out of NG triggered by the stop lost yesterday and lost 4k :( it will continue to make lower low.
JustSurface OP TinkerB3ll : I wish I was. down 5k, sunken cost fallacy I am bag holding NG till.... ?
TinkerB3ll JustSurface OP : Whats your avg now? I think we might really test 3.6 and if we do break it will be nasty to 2.5 range
JustSurface OP TinkerB3ll : 44 avg![flushed 😳](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f633.png)
![grimacing 😬](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f62c.png)