Around The Barrel – Crude Oil and Gasoline Traders Outlook for The Week Ahead

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  • 17 Apr '23 at 5:14 pm #56980
    TradersCom
    Keymaster

    JP Morgan, forecasts Brent to $94 a barrel in Q4

    JPMorgan expect recession at the end of 2023, or in 2024

    “The main takeaway for now: if the Fed pauses its rate-hiking campaign soon, the most likely scenario is that oil performs well
    if the US sees only a mild recession or lands softly, a new bull market may have already started forming”

    21 Apr '23 at 8:30 am #56878
    TradersCom
    Keymaster

    Crude oil futures pulled back this week into the gap had maintained since OPEC+ announced a surprise over 1.5 million barrel per day crude oil product
    [See the full post at: Around The Barrel – Crude Oil and Gasoline Traders Outlook for The Week Ahead]

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