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Oil prices hit 6-month high, what's next

Discussion in 'Technical Analysis' started by ForexLive, May 16, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Oil clears the April high WTI crude is up $1.41 to $47.61 today as the rally continues. The latest push in oil prices came after Nigeria's oil minister reported that output has fallen to the lowest in decades. The on the weekend on Nigeria had the crisis that's hitting its economy. Expect more turmoil before it stabilizes.

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