XT_Mobile_970x250_XFR
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

Crude extends rally; US oil inventories eyed

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Although higher today, oil prices are still stuck between a rock and a hard place. On the one hand, the consistent falls in US rig counts and the prospects of a production freeze between Russia and the OPEC point to a tighter oil market, while on the other hand, US oil inventories continue to climb to fresh record levels, which is obviously not a good sign. Consequently, some traders are happy to be buying the dips while others are trying to sell the rips as they take advantage of range-bound

    Continue reading...
     

Share This Page

Trade indices Online