Crude Oil's Latest Mood Swings Leave Traders Reaching for Aspirin
Key Points
- Oil prices are swinging wildly with Brent crude at $70.25 an...
Oil traders are discovering that their favorite commodity is having an identity crisis, oscillating between "I'm expensive" and "Buy me, I'm cheap!" faster than you can say "technical analysis."
Tariffs and Tribulations
Brent crude just hit $70.25 per barrel, while WTI slouched to $66.87 - marking WTI's seventh straight weekly loss. That's the kind of consistency nobody asked for, making November 2023's losing streak look like a warm-up act. President Trump's tariff roulette with Canada and Mexico isn't helping, and China's watching from the sidelines with popcorn.
OPEC+'s Greatest Hits ...
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