We at investorAi warned clients that oil prices were giving us key pieces of information back in the summer of 2023. Those signals, analysed by Aeryn (the AI engine) have held up remarkably well.
Oil prices have experienced notable fluctuations recently, influenced by various global economic factors and geopolitical developments. West Texas Intermediate (WTI) crude declined approximately 3% to around $70 per barrel following China's announcement of stimulus measures that fell short of market expectations for substantial fiscal support to boost consumption. This disappointment also led to declines in commodities such as iron ore and copper.
Despite these movements, crude oil prices have remained within a narrow trading range of just over $3 for the week, marking the tightest weekly band since July. This stability occurs amid high volatility and low liquidity, as investors assess the potential impact of President-elect Donald Trump's forthcoming policies on oil supply ...
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