Crude Oil Prices Slide As US Inventories Rise

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 11, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Crude oil prices had some respite last week as the West Texas Intermediate rose 11% from $39.20 to $43.50 a barrel. Immediately, several market participants turned bullish and predicted that the black gold would quickly return towards the $50 threshold, neglecting to take into account the weak global environment and[​IMG]

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