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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (132718)	9/9/2022 11:12:47 AM
From: Goose94	Read Replies (1) of 202401

Crude Oil: Bearish Sentiment Has Taken Hold Of Markets Weak macroeconomic data continues to rattle the oil markets, with ICE Brent trending around $90 per barrel, bouncing back from multi-month lows seen mid-week. News of weak Chinese trade data and ECB interest hikes seem to be overpowering a much more supply/demand-relevant story of the Iranian nuclear deal going astray, suggesting bearish sentiment is prevalent. That being said, Russian threats of supply cut-offs appear to have countered a very bearish EIA inventory report, with oil prices climbing early on Friday morning. Oilprice.com

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