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Crude Thoughts

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 20, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The oil price was up yesterday as you can see but overnight things have changed and as I write WTI is down $1.23 and Brent off $1.18 almost exactly removing that gain. The main thing that has happened is that the Kuwaiti oil strike is over after a late night deal that will bring production back up to speed in a matter of hours. This comes as no surprise but combined with the news that Buzzard isnt coming off-stream until later in the year adds to downward pressure. Also, after the close the

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