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Why Is Oil Still Going Up? | Midday Market Minute | Blue Line Futures | 6.08.22

Posted: June 8, 2022, 1:37 p.m.

4160 was the high of the range for the S&P, hitting major 3-Star resistance, yet is still consolidating near support. $INTC is down about 5% on a report from $C, but do you recall they said to get short Crude Oil at $80?!

Speaking of, Crude Oil hit fresh contract highs! ($123.18) Big surge of imports coming off of the EIA report today as OPEC says "There is no spare capacity!"

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