The reopening of the Chinese economy and hopes that the world can avoid a recession have spurred traders to buy oil and fuel futures at the fastest pace since 2020. The bulk of purchases was in crude oil futures. News that the Fed is slowing down with its efforts to tame inflation could further boost oil prices.
Everybody Loves Oil Again
Everybody Loves Oil Again
Everybody Loves Oil Again
The reopening of the Chinese economy and hopes that the world can avoid a recession have spurred traders to buy oil and fuel futures at the fastest pace since 2020. The bulk of purchases was in crude oil futures. News that the Fed is slowing down with its efforts to tame inflation could further boost oil prices.