Crude Oil Trading Isn't Trading Higher Despite Iran and Ukraine Wars
Crude oil price is not trading as higher as what analysts would have expected because of the fading China demand and hopes of a deal
Oil prices aren't going up as much as people thought, even with big problems in Iran and Ukraine, because fewer people in China want to buy oil and people hope for peace deals. When you look at energy stocks, remember that how much people *want* something matters just as much as supply problems.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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