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

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  • 18 Jan '23 at 2:18 pm #51692
    TradersCom
    Keymaster

    WTI crude oil settled well off the highs at $79.48 Down -$0.70 or -0.87%

    High $82.66
    Low $79.32

    Sold off with other risk assets, $ES_F
    Slowing growth concerns
    Ahead of API, EIA

    20 Jan '23 at 8:48 am #51792
    TradersCom
    Keymaster

    Crude complex begins Friday higher:

    WTI Oil Futures 80.72 0.39 0.49%
    Brent Crude Futures 86.51 0.35 0.41%
    Unleaded Gasoline Futures 2.6335 0.0367%

    Keys: Reaction to $ES_F on OPEX, BH Rigs, $SLB Earnings call, $CL_F 50dma $78.74

    20 Jan '23 at 12:33 pm #51350
    TradersCom
    Keymaster

    Higher futures prices suggest traders appear to be ignoring large US builds and have chosen hope with China opening up rather than negative morose fro
    [See the full post at: Around The Barrel – Crude Oil and Gasoline Outlook for the Week Ahead]

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