‘Going to be Very Difficult’ for Crude Oil to Rally

Robert Yawger says crude oil has a lot of things against it right now, including the end of summer driving season and OPEC+ adding to its output. “It’s going to be very difficult for this to rally.” He also notes that the U.S. is having trouble exporting oil because of its higher prices, further boosting U.S. supply. He discusses his scenarios for $70/barrel and $60/barrel.

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