09/18/2024
🚨🚨MARKET UPDATE 🚨🚨
After several tumultuous weeks, the downhill slide seems to have ended for crude oil futures, with ICE Brent trading relatively rangebound at $72.50 per barrel. Supply disruptions in Libya and the US Gulf of Mexico prevented concerns over China's economy from triggering an even bigger slide and the US Federal Reserve’s much-anticipated interest rate cut could lift the market mood slightly higher.
my 2 cents...oil will continue its downward pressure due to overall poor economic conditions...until temps drop then prices may move upward.