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Eyes on the product markets as oil retraces much of yesterday's gains

Oil backed off today with WTI crude settling $1.99 lower at $91.67.TD today touched on the big question in the oil market, presuming that OPEC+ will continue to tighten the screws: When does demand destruction happen. Much of the debate around that is about historical price levels and that just doesn't resonate with me because the dollar has lost so much of its purchasing power. I mean, how many loaves of bread does it take to buy a barrel of oil compared to 15 years ago? In any case, here is TD... Read More

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Eyes

Product

Markets

Retraces

Much

Yesterday

Gains

Yesterday s

Forex

Posted: Sep 28 2023, 18:42

Author Name: forexlive

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