Commodity Trade Mantra

Posts Tagged ‘Indian Inflation’

Bullish Bets On Oil Prices Up But Market Stalemate Remains

Bullish bets on crude oil are increasing after the recent snap-back in prices from retesting the lows earlier in the year. We find ourselves in a highly volatile day-to-day price environment, as oil prices are unwilling to push too much higher given the backdrop of oversupply, but are unwilling to push too much lower given an ongoing narrowing of the imbalance amid strong demand.

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