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Video: Crude OIl in Middle of Week May 4-8, 2020

May 6, 2020 at 10:17 by Vladimir Vyun

In the present video, Phil Carr from The Gold and Silver Club talks about crude oil in the middle of the week of May 4–8, 2020. He starts by discussing the recent surge of oil prices, which doubled over a week. Phil advises watching for a possible plunge of prices by the end of the expiry period for the most actively traded contract, the same that happened last month. As for events influencing prices over the current week, traders should watch for US supply data from the American Petroleum Institute and the Energy Information Administration as well as Friday’s nonfarm payrolls.

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