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WTI Oil under extreme pressure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 11, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    WTI Oil has descended to another fresh 6 year low at $36.40 as concerns intensify over the global supply glut. These growing fears over factors such as an excessive oversupply in the markets and the visible reduction in demand for oil have consistently haunted investor sentiment, consequently affecting any remaining attraction towards oil. The decision from OPEC late last week to leave production levels unchanged dealt a crippling blow to the bulls, and with investor sentiment towards WTI oil

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