Crude oil back about $96 a barrel
With the slowing of oil production
and conflict at the Nile, I think that oil prices are
going to increase, if the fed decides to cut or leave interest rates unchanged
this may weaken the USD and strengthen other currencies creating more demand for oil
and if inventory continues to lessen you will see a further surge in oil prices.
otherwise, if the fed raises interest rates next week and productions issues come to resolve
oil prices will begin to drop and I will update this post with a bearish Analysis.
and conflict at the Nile, I think that oil prices are
going to increase, if the fed decides to cut or leave interest rates unchanged
this may weaken the USD and strengthen other currencies creating more demand for oil
and if inventory continues to lessen you will see a further surge in oil prices.
otherwise, if the fed raises interest rates next week and productions issues come to resolve
oil prices will begin to drop and I will update this post with a bearish Analysis.
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