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Oil price had a good week

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 12, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The oil price had a good week, WTI was up by $4.09 and Brent rose by $4.52 as conflicting stories on inventories and more positive noises from the conference in London boosted confidence. With Chinese holidays keeping some traders out of the markets the final hurrah for the week was another fall in the Baker Hughes rig count. The total number was down 14 to 795 and with oil units down 9 to 605 the rig market was at its lowest since 2010. The EIA were more positive in its STEO and later today

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