WTI Crude Oil Forecast: Market Turns Around Mid-Day

  • The West Texas Intermediate Crude Oil market pulled back initially on Wednesday to test the lows yet again.
  • That being said, we have turned around to show signs of life, perhaps due to the idea of more risk-taking out there as the CPI numbers came out cooler than anticipated.
  • The idea is that the Federal Reserve will not have to slow down the economy as much as one side, and that could lead to more demand for crude oil.

Ethan Andrews

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