Crude Oil Price Needs To Be $65 Before It Gets To $105

<p>"It is unlikely that the crude oil price is not being watched by the Federal Reserve as it has an effect on goods inflation. Now we have a transport issue with diesel inventories at all time lows. My base case for crude oil is that we need to get to $65 before we get to $105. I am long crude oil now with a price target of $96. Energy demand is still weak and Russia is already 2M below their OPEC+ quota," says Bob Iaccino.</p>