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    Crude Oil Rallying Due To Weakening U.S. Dollar

    Crude Oil Rallying Due To Weakening U.S. Dollar

    FromSchwab Network

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    Crude Oil Rallying Due To Weakening U.S. Dollar

    FromSchwab Network

    ratings:
    Length:
    8 minutes
    Released:
    Jan 13, 2023
    Format:
    Podcast episode

    Description

    Crude oil futures are back to trading around the $80 price level. "The U.S. Dollar has been in freefall since September 2022, which has offered support to some commodities. Could investors see a U.S. Dollar price of $97 if it stays below $106? That alone will give a boost to crude oil. Speculators have liquidated their long positions over the last few months and now they are starting to reaccumulate. They are doing this due to the China reopening story," says Carly Garner.
    Released:
    Jan 13, 2023
    Format:
    Podcast episode

    Titles in the series (100)

    A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.