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WTI Oil lurches to new 12 year low

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The mounting anxieties over Iran’s looming sanction relief which may open doors to more oil exports has threatened WTI oil and led to the commodity sinking to fresh 12 year lows at $29.40 on Friday. Oil experienced a very turbulent start to 2016 and remains victim to a ceaseless theme of an aggressive oversupply in the markets, while rising concerns around slowing global growth have renewed fears that demand may be waning. A strengthening US dollar has added to oil’s woes, while investor

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