Word for today…
Posted: Sat Jul 08, 2023 4:46 pm
Destocking
As the fed raises rates , it costs more to hold inventory this incentives inventory cuts
Rising interest rates are causing oil traders to de-stock and sell off physical barrels, a trend that analysts predict will lead to a significant surge in oil prices later this year.
Biden did the same thing with the spr and pissed away the money on who knows what
The oil market likes lower interest rates
As the fed raises rates , it costs more to hold inventory this incentives inventory cuts
Rising interest rates are causing oil traders to de-stock and sell off physical barrels, a trend that analysts predict will lead to a significant surge in oil prices later this year.
Biden did the same thing with the spr and pissed away the money on who knows what
The oil market likes lower interest rates