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Crude Thoughts

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Yesterday saw WTI visit $29.93 in intra-day trading and crude certainly ended down on the day, again. As usual there were mixed messages humming around the oil market, the Nigerian Oil Minister said that there would be an emergency Opec meeting in March which the UAE Minister ruled out. The STEO report was actually quite good for the market as it increased non-Opec supply contraction to 640/- b/d thus increasing the call on Opec to 31.43m b/d in 2016 and 32.64m b/d in 2017. Dependent on the

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