Top global crude oil traders: As volatility decreases, the prosperous era of the market will come to an end.
As the impact of major market events in the past few years gradually fades, top global csi commodity equity index traders are striving to cope with a more challenging crude oil trade environment.
Gulf of Mexico Storm Helps Lift Crude Futures -- Market Talk
Oil Prices on Track for Hefty Weekly Drop on Fears Over Demand
Multiple bearish factors dominate the market, causing WTI to fall below the $70 level.
This week (8.29-9.4), crude oil overall showed a downward trend in volatility. The average price of WTI this week was $72.25 per barrel, a decrease of $2.81 per barrel, or -3.75%, from the previous week. The main factors that led to the pressure and decline in oil prices during the week were: OPEC's increase in crude oil supply, the expected recovery of Libyan crude oil supply, and poor US energy demand.
It is reported that OPEC+ has agreed to suspend production increases, and US crude oil inventories have dropped to a low point in January, causing oil prices to rise and then fall back.
The analysis points out that although the crude oil inventory in the USA has plummeted, there is a risk of the Cushing inventory bottoming out, and OPEC+ has decided to postpone the production increase by two months, but the oil price rebound is weak because the bears are currently dominant.
OPEC+ Members Delay Production Increase Amid Falling Prices
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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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