Weak Oil Driving Trading Themes

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Crude falls to 12-year low The weak oil theme continues to pick up traction. Oil dropped to a 12-year low on weak demand, oversupply and further evidence that Saudi Arabia is unwilling to tighten production. In the development markets low oil prices will have a significant deflationary effect keeping central banks dovish and in the EM lost revenue will introduce cash-flow issues. To solve mounting deficits oil producers are already coming up with innovative solutions.

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