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The Remarkable, Steady Uptrend In The Price Of Oil

From forbes.com

At the beginning of the year 2016, you could purchase a barrel of oil for about 26 dollars. Today, that same barrel of oil would cost you 69 dollars. If your first thought is "that's more than a double," your first thought is on the right track. But to be completely accurate and on the money, that's an increase in price of -- could this be correct? -- 165%. I keep double checking that percentage gain to see if perhaps I've made some kind of idiotic mistake, but it seems to be the right figure. We're not even at the two-year mark yet, so the gain is at least a semi-remarkable move even in the world of volatile ... (full story)

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  • Category: Technical Analysis