The Oil Market Is At The Inflection Point For 2023

hanibaram

Psychologically, emotionally, and basically, we’re at an essential inflection level for 2023. June will mark the 12-month stretch of when the power “bear” market began. After hitting $125/bbl, oil has been in a continuous downtrend since final June. The drawdown has been so horrific, we apparently broke an

WTI

stockchart.com

Product

EIA, HFIR

Demand

EIA, HFIR