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Will oil make it or break it?

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 24, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    WTI crude oil has been in a sustained rally for the past 9 weeks. Its most recent low was on January 20th at $27.70 a barrel, while last Friday saw price reach its most recent high at $42.52. That rally makes for an increase in price of 53.50%. It is has also recovered the ground lost from the beginning of the year where it opened at $38.34, for a YTD gain of 10.9%, making it one of the best performing commodities this year. The oil rig count has been falling steadily over the past year as

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