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Oil Bottomed?
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Micro WTI Crude Oil Futures (Apr 2023)
(
NYMEX:MCLJ2023
)
KobraTrading
Premium
NYMEX:MCLJ2023
Micro WTI Crude Oil Futures (Apr 2023)
Trend Analysis
Supply and Demand
Seasonality
0
0
trendanalysis
supplyanddemand
seasonality
To me, so far at least, it looks like maybe $65 was bottom. Oil normally is a seasonal trade, and summer prices go up usually anyway. More travel by boat, air, and car = more demand = higher price. It's not hard.
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