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Crude-Oil Futures End Week With Small Gains -- Market Talk
Macquarie: The global oil market is expected to face "severe oversupply" by 2025.
According to the McKinsey supply and demand equilibrium forecast, the oil market will face a serious supply surplus in the next five quarters, triggering a situation similar to a 'price war', and oil prices may fall to around $50 per barrel.
Oil on Track for Weekly Gains After Global Benchmark's Dip Below $70 a Barrel
Demand expectations suffer another blow, WTI falls to a new low for the year.
This week (9.5-9.11), the overall crude oil price showed a downward trend. The average price of WTI this week is $67.72 per barrel, a decrease of $4.53 per barrel, or -6.27% compared to the previous week.
Oil Futures Extend Recovery From Lows -- Market Talk
Crude Oil Extends Rebound Amid Concerns About Impact of Francine Tropical Storm on US Production
SpyderCall OP : @ThirtyOne
Check it out. I know you were asking about $United States Gasoline Fund Lp (UGA.US)$ the other day. We might see a swing up soon. I'm still trying to decide wether to go long or not. I can't find any news or any type of catalyst for this pop so I am still skeptical.
ThirtyOne SpyderCall OP : I appreciate it! Yea I have been watching this with UNG
TinkerB3ll SpyderCall OP : Agree personally now look to go long but again NG is so highly manipulated
SpyderCall OP TinkerB3ll : That is exactly why I am skeptical. I feel like the manipulation could be at its highest ever since the Russian war/Nat gas supply issues.
Ultratech TinkerB3ll : ng is heavily shorted that's why kold when ung is high
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