Oil's Dip: Is This the Start of Something Bigger?

asked by u/pmarinescu · 6d · 1 answers

The $BBL dip to 64.18 today has me wondering if we're seeing some early capitulation ahead of potential demand weakness, given the broader macro tightening. Definitely watching for how this consolidates.

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u/marija_toth· 1 pts· 6d
It's an interesting question regarding capitulation versus a more sustained downturn. The macro picture certainly supports the demand weakness argument, but I'd be looking closely at inventory builds over the next few weeks to confirm that sentiment.

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