Do Crude Futures Offer a Hint About the Economy

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Richard on October 31, 2023 at 5:51 am

Yes, they give an indication if the anticipated demand or supply in the consumption of energy. Give us an indication as to the direction of the market. If crude is up trending it’s possible the current status is uncertain by events happening or coming to pass and the market is buying insurance for that possibility.if on the other hand on the there is a fluxuation on the down trend then events at hand are stabilizing and not as much insurance is required for the moment as in another country is selling oil to us to add to our existing stock piles. And anxiety of having adequate reserves is not as tense and the Horizon at the moment is stable. And prices are stabilizing for the moment. So futures give us a clue as to the current status for the moment subject to change at any given moment. Cheers 😁
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