Cheers Everyone! What a wacky last few weeks we’ve had in the markets. We’ve had bank runs, oil back below $70, more interest rate hikes. It seems like every headline coming out is a major headline. For oil, all eyes continue to look at the OPEC meeting in a few weeks. Rumors are circulating that OPEC wants to make additional cuts to the supply supporting prices back to $80. At the same time, the SPR restock has yet to commence. Now what?
Where is OPEC and the SPR Restock? Oil recap
Where is OPEC and the SPR Restock? Oil recap
Where is OPEC and the SPR Restock? Oil recap
Cheers Everyone! What a wacky last few weeks we’ve had in the markets. We’ve had bank runs, oil back below $70, more interest rate hikes. It seems like every headline coming out is a major headline. For oil, all eyes continue to look at the OPEC meeting in a few weeks. Rumors are circulating that OPEC wants to make additional cuts to the supply supporting prices back to $80. At the same time, the SPR restock has yet to commence. Now what?