Crude oil prices should stay in the triple digits, Kpler’s head of Sweet Crude Analysis Matt Smith told Yahoo Finance. There won’t be a continued downward pressure on oil, according to Smith. “I don’t think that we’re going to see continued downward pressure on oil. I think what we’re seeing in the last couple of weeks in the oil market is this selloff as oil has got swept up in broader market sentiment as we’ve seen a selloff in equities, etc.
It’s a risk appetite thing,” Smith…Oil Should Stay In Triple Digits: Analyst
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