Sevens Report Analysts Quoted in MarketWatch on January 11th, 2023

Oil ends higher even as the EIA reports one of its biggest weekly crude supply increases on record

Trader conviction “is low given renewed hopes for a soft landing and optimism about China reopening (bullish) being weighed against economic uncertainties and growing concerns about the Department of Energy’s commitment to buy oil at $70/barrel due to funding and liquidity issues (bearish),” wrote analysts at Sevens Report Research in a Wednesday note. Click here to read the full article.