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Is Crude Oil Facing Peak Storage?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Crude Oil (WTI) has had a troubling week, as the commodity continues to slide lower as growing over supply concerns point to further falls ahead. In fact, as a veritable conga line of tankers navigate towards the United States, some are now asking at what point “peak storage” have been reached. A range of factors have contributed to the global oil supply glut including diminished demand, as well as the introduction of Iraqi supply to the market. Although slow to start, Iraqi oil exports are

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