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WTI Surges On Production Cut Expectations

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 29, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The heightened fears over the excessive oversupply of oil in the markets have created an explosively volatile environment which continues to allow ongoing expectations of possible production cuts to translate into speculative boosts in the oil price. During trading on Thursday, WTI surged to fresh weekly highs at $34.75 following[​IMG]

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