Crude Oil & Easing Inflationary Pressures

Published: July 13, 2023, 2:46 p.m.

b'The crude oil price is back up to $76 today due to a technical momentum, short covering, and easing inflation pressures. On the demand side, refinery runs are strong and OPEC+ production cuts are coming through. Matt Smith weighs in on a weaker U.S. Dollar impact on energy prices, as well as headwinds coming from China. Also, OPEC sees stronger oil demand in 2024.'