Crude Oil Fundamentals Could Be Weaker than Many Expected

Crude Oil Fundamentals Could Be Weaker than Many Expected

The price of Crude Oil continues to float between $73.50 and $76.50 as markets digest the impact of Japan’s bank interventions and speculation about further monetary easing in the United States. The summer driving season in Europe and America did little to support oil prices this year. Fundamentals remain weak for Crude Oil, and few […] [...more]

ForexYard Comments Off on Crude Oil Fundamentals Could Be Weaker than Many Expected

Crude Oil Struggles to Bounce after 4-Day Slide

Crude Oil Struggles to Bounce after 4-Day Slide

Crude Oil (WTI) – $73.80 // $0.14 // 0.19% Commentary: Crude oil is slightly higher in overnight trade after falling four days in a row last week. Now that the Enbridge pipeline leak premium is out of the market, oil is forced to focus on the bearish underlying fundamentals of multi-decade high inventory levels and […] [...more]

DailyFX Comments Off on Crude Oil Struggles to Bounce after 4-Day Slide

Crude Oil Price Pares Losses, Trading Over $76 a Barrel

Crude Oil Price Pares Losses, Trading Over $76 a Barrel

The start of this past week saw a rather sharp boom in the price of Crude Oil as a pipeline delivering oil from Canada to the American mid-west suffered a leak, forcing the pipe to be shut down. The resulting speculation of a dip in supply, both from the pipeline leak and from hurricanes in […] [...more]

ForexYard Comments Off on Crude Oil Price Pares Losses, Trading Over $76 a Barrel

Free Ebook!

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