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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (72543)	12/13/2019 3:23:43 PM
From: Goose94	Read Replies (1) \| Respond to of 202704

Crude Oil: WTI jumped on Friday after the UK election and the announcement of a “Phase One” trade deal between the U.S. and China. Both issues offered some certainty to investors. In early trading on Friday, WTI was at about $60 per barrel, a three-month high. “Risk appetite among financial investors is now likely to remain high thanks to the deal between the U.S. and China,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. But, “the oil market risks facing a massive oversupply and a pronounced inventory build, at least in the first half of the year.” Oil glut still coming. The IEA said that despite the OPEC+ deal, the oil market will still see a supply surplus of 0.7 mb/d in the first quarter.