Crude Oil Stock Just out..Since the 15th TVE has had some great days for making money and like all the other Energy stocks the fluctuation of the price of Oil certainly comes into play. Oil has been having trouble staying above $94 and with tomorrow's data for Durable Goods and the FED's Rate Hike, I expect that Oil will continue to be sold off. The Global Economy is hurting hitting 2-year lows like today's New Home Sales suffering from Rate Hikes and Inflation its hitting people in their wallets especially if you're caring debt people won't be able to afford the luxury that everyone's been used to over the last 5+yrs. Gasoline is one indicator because they have reported a surplus because people can't afford to travel and this happening during the driving season says it all. The TSX and DOW continue to sell off TSX is down 3241 points and the DOW is down 5191 points and it's not going to get any better this year. You can pick any Country or any State and data are showing contraction and this will hurt Oil and NG as we are heading into a Global Recession, Already the 2 biggest economies (US & China) are hurting killing demand for commodities going forward. JMHO (always DD)
Will the decline in Oil Stock be enough to push Oil higher? Not with all the headwinds, I see Oil continuing to sell.
https://tradingeconomics.com/calendar
Crude Oil Stock Just Out. 
US New Home Sales released today. 