Crude Oil has been bullish for the past two weeks, getting pretty close to $90 as it retreated higher. But on Friday it started turning lower as USD buyers came back. We’ve heard US President Joe Biden would release oil from crude stocks, even though they can run out pretty quickly.
Today we heard that Biden will be speaking about oil companies, and the AP is now reporting that he will float the idea of a windfall tax on energy producers, which is undoubtedly an election campaign…
