Crude Oil Price Forecast – Crude Oil Continues to Look Sideways
Portfolio Pulse from
The crude oil market is experiencing sideways movement due to consolidation and thin liquidity during the Thanksgiving holiday. Futures trading is ongoing but limited.
November 28, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The United States Brent Oil Fund (BNO) may experience limited price movement due to the sideways action in the crude oil market and thin liquidity during the Thanksgiving holiday.
BNO, as an ETF tracking Brent crude oil prices, is likely to be affected by the current sideways movement in the crude oil market. The thin liquidity during the Thanksgiving holiday suggests limited price action, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50