Fundamental OverviewCrude oil is finally finding some footing this week as the dip-buyers might be looking forward to the Fed’s easing cycle. As a reminder, the positioning in crude oil is at a record 13 years low and the sentiment is very bearish. These factors can generally offer great contrarian opportunities. The main reason which could drive oil prices higher is the imminent Fed’s easing into a resilient economy. Lower rates generally lead to an increase in the manufacturing activity and therefore increased demand for crude oil.Moreover, the recent debate between Trump and Harris might have also decreased the risk premium of higher supply as Harris chances of winning the election accord
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