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CRUDE OIL PRICE
Commodities

Crude Oil Settles Above $45.00 After Inventory Draw

Written by Kevin George on

Crude oil is trading lower today after a big two-day rally which was capped by a draw in U.S. inventories. Oil is still seeing support from hopes of an imminent vaccine for the coronavirus.

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Kevin George

Kevin George has over twelve years' experience in financial markets trading, which included stints in London and New York, trading equities and currencies. He has also traded in commodities, equities, futures and options. He has extensive technical-experience and combines this with a fundamental overview. He has published for SeekingAlpha, where he runs his own subscriber newsletter and graduated with an MSc in finance in 2017.