Oil made an appearance below 40$

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    WTI made an appearance below $40 again yesterday, if it keeps doing that it’s only a matter of time…A big conference in Bahrain yesterday heard Ali al-Naimi urge continued investment ‘in order to guarantee the stability of the market for the long and short term’. A bit late now as by most calculations the best part of £300bn of capex has been withdrawn by the majors since market share wars started. Probably the most influential market commentator, David Hufton is however increasingly worried.

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