WTI crude oil forecast: Price action unconvincing despite strong tailwinds, fat tail risks
WTI crude oil forecast: Price action unconvincing despite strong tailwinds, fat tail risks
Crude oil appears toppy after a mammoth rally since February, unable to push higher despite some seriously strong tailwinds stemming from geopolitics, supply curbs and ongoing strength in the US economy. While there are obvious fat tail risks that could lead to substantial price spikes, if they don’t materialise, it suggests crude may need to move lower before moving higher again.
Cr...