RE:outlook for Oil just released, expect lower Oil tomorrowSuch BS. You're a loser. Everyone sees your game but yes keep protecting the Tamarack shareholders of Stockhouse lmao. Shortie gettin burned a bit. Loser
smallcaptdr wrote:
WTI crude futures held above $90 per barrel on Friday but were set to end the week modestly lower, as concerns about a global economic slowdown and potential supply boosts from major producers outweighed signs of stronger fuel demand. Recession fears continued to grip commodity markets, with the US Federal Reserve intent on raising interest rates further to bring inflation substantially lower. On the supply side, Russia sees revenue from energy exports jumping 38% this year due in part to higher oil export volumes, and forecasts rising output and exports until the end of 2025, as reported by Reuters. Traders are also closely monitoring efforts to revive the 2015 nuclear deal that could boost Iranian oil exports by about 2.5 million bpd.