Crude Oil Falls on Abundant Supplies

Crude Oil Falls on Abundant Supplies

Crude oil got slammed early in the Wednesday session before rebounding notably following the DOE inventory report. Which is not to say that the report was bullish—it was not. But prices got low enough to spur a rebound in the commodity which has fallen precipitously from last week’s highs. Crude oil resumed its downtrend on […] [...more]

DailyFX Comments Off on Crude Oil Falls on Abundant Supplies

Crude Oil Tests Levels Below $80

Crude Oil Tests Levels Below $80

Crude oil fell notably on Tuesday as growth concerns reemerged. Traders will now look to the DOE inventory report set to be released on Wednesday. Gold continues to move inversely to the US Dollar. Crude Oil (WTI) – $80.12 // -$0.13 // -0.16% Commentary: As has been the pattern in recent sessions, crude oil followed […] [...more]

DailyFX, Technicals Comments Off on Crude Oil Tests Levels Below $80

Free Ebook!

Dowlnoad this FREE Ebook to Discover
7 Expert Secrets to Crude Oil Futures Trading
Enter Your Name & Email For Instant Access: