Crude Oil Couldn’t Care Less About “Fundamentals”
By Elliott Wave International If there’s one financial market that investors evaluate based on “market fundamentals,” it’s crude oil. This Feb. 10 Reuters news item provides an example: Oil may resume its rally in 2023 as Chinese demand recovers after COVID curbs were scrapped and lack of investment limits growth in supply, OPEC country officials … Continue reading "Crude Oil Couldn’t Care Less About “Fundamentals”"
By Elliott Wave International If there’s one financial market that investors evaluate based on “market fundamentals,” it’s crude oil. This Feb. 10 Reuters news item provides an example: Oil may resume its rally in 2023 as Chinese demand recovers after COVID curbs were scrapped and lack of investment limits growth in supply, OPEC country officials … Continue reading "Crude Oil Couldn’t Care Less About “Fundamentals”"
