Crude Oil- Back in the U.S. Administration’s Buying Zone
In October 2022, the Biden administration told the crude oil market that the target range for replacing barrels sold from the U.S. Strategic Petroleum Reserve was $67 to $72 per barrel. The price is back...
A New Milestone For Crude Oil
In April 2020, crude oil fell below negative $40 per barrel. On June 11, 2021, the energy commodity’s price was over positive $70 per barrel and climbing. The crude oil market is on a bullish staircase...
Correction In Crude Oil- More Volatility On The Horizon
Bull market corrections can be brutal. Crude oil had been rallying since April 2020. After a correction in early November 2020, the energy commodity made higher lows and higher highs, reaching a peak in...