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KobraTrading

Oil Bottomed?

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Micro WTI Crude Oil Futures (Apr 2023) (NYMEX:MCLJ2023)  
KobraTrading  
NYMEX:MCLJ2023   Micro WTI Crude Oil Futures (Apr 2023)
Trend Analysis Supply and Demand Seasonality
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trendanalysis supplyanddemand seasonality
To me, so far at least, it looks like maybe $65 was bottom. Oil normally is a seasonal trade, and summer prices go up usually anyway. More travel by boat, air, and car = more demand = higher price. It's not hard.
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