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Crude Oil Surge Faces Major Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Feb 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Crude oil surged on Monday as the International Energy Agency (IEA) projected US shale oil production to decrease substantially within the next two years. Specifically, the IEA expects to see shale production in the US decrease by 600,000 barrels per day in 2016 and by 200,000 additional barrels per day in 2017.[​IMG]

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