
This is How Macro Analysts Use Macro News to Day Trade
Futures Radio Show
The Price of West Texas Intermediate Crude
West texas intermediate crude is really a lot about what's going on in the u.s And I think we are starting to see some of that reflected in the price That the opac cut was a temporary catalyst for higher prices But I don't think it's a sustainable one now granted supply and demand they're pretty tight Right. So so if we demand falling gives oil a little bit of slack, but if there is some kind of disruption In supply or somehow, you know emerging markets in china really start to look more robust in the china reopening has also been kind of disappointing So that's weighed on oil as well. We could have a pretty big bid right now
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