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Crude recovered after Doha fiasco

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    After starting the day down more than two dollars after the fiasco that was Doha, crude recovered remarkably well to close down only modestly. Most of that can be put down to Kuwait where the strike I mentioned yesterday took a stronger grip, production is down to around 1m b/d from recent numbers of nearer 2.8m b/d. This will be short lived as employers are said to be prepared to negotiate with the strikers. On the stocks front Genscape reported that inventories at Cushing were down by 860/-

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