Last week, WTI Crude finished sharply lower on multiple triggers including bearish inventory news and the return of Libyan supply to the market. The market is continuing its losses in early trading this morning ahead of tomorrow’s election. Uncertainty around the election and fears of a second recession due to the second wave of coronavirus […]
The National Bureau of Economic Research’s Business Cycle Dating Committee announced on Monday that the US officially entered a recession in February. The downturn, caused by the coronavirus pandemic, led economic activity to fall sharply. This decline is the first since 2009, when the last recession ended, and marks the end of the longest expansion […]
Oil prices are creeping higher this morning after a long streak of down days. Markets have closed lower for the past eight days, so pay attention to see if prices continue sinking today. The longest streak of down days in NYMEX WTI Crude history was 12 straight sessions, a record set just a year ago […]
