Market Opens SoonOil is in the green as usual overnight. Asian and european nations have had their markets already open or have completed their trading day. Oil green. Now North America will open. My bet is that oil dips to the red. So let's see if this pattern continues again today.
Funny thing is that this drop in oil stems primarily from China's economic slowdown due to its covid policies. I guess they still are buying oil in Asia regardless eh??? Strange isn't it. My guess is the Saudis cut 1 million barrels on October 5th. Watch.