Crude Oil futures were down almost $3 yesterday.. the news is not too promising.
a) earnings numbers though good report pretty growing headwinds as the trade war continues b) Asia is slowing down as China is almost in a free fall c) Saudi Arabia was banking on higher crude Oil prices to offer it's IPO on Aramco.. till it got in hot water.. d) the Us stock market is looking a little toppy e) the Last time Speaker Pelosi was Speaker the US Market Tanked f) polls show that the Democrats could retake control of the House.. aka Speaker Pelosi g) Trump shows no signs of backing off his trade stances h) Crude Oil bottomed at $26 during the last slow down i) other if I missed any thing.. ??
Bullish news..
a) ??? b) other..
Why would you worry about higher prices? |