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Good afternoon, After heavy selling last week, crude oil prices continue to slide this week. WTI crude prices are set to close below $65/barrel. On technical charts this puts us into correction and possibly a bear market. However, I try not to just watch the charts but also the hard data. The global market is […]
Good morning, Crude oil prices continue to slide this week. WTI crude touched $66/barrel on Tuesday, closing over 11% down in the past two weeks. Traders have all rung the register and jumped on board believing that Saudi Arabia will make sure that all Iranian crude lost from sanctions will be replaced. Many feel that […]
Good morning, For the first time in weeks, WTI crude price dropped below $70/barrel. As I have been discussing, there are reasons to believe crude prices could go higher, and also reasons for prices to drop. Over the past weeks, the reasons for crude to climb (healthy demand, supply tightness, Iran sanctions, political instability in […]