Mike McGlone
Mike McGlone|Feb 25, 2025 12:26
March Energy Outlook - Is 67 Next for WTI Crude Oil and January's 80 the 2025 High? Energy prices typically get cheap following spikes akin to 2022 highs, and last year's troughs may prove insufficient. WTI #crudeoil's pattern of lower nadirs suggests a next test of 67-a-barrel support, with January's 80 potentially a peak. #Naturalgas and crude managed money (#hedgefunds) are extended net-long and supply-demand trends favor President Donald Trump's goal of lower #energy prices. https://blinks.bloomberg.com/news/stories/ss8k67t0g1kw {BI COMD} #commodities #crudeoil #naturalgas @BBGIntelligence
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