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Crude Oil Forecast Remains Bullish as Prices Ride Momentum Higher

From dailyfx.com

Crude Oil prices are off to a slow start this week, mirroring the relatively calm market conditions seen elsewhere. With repositioning taking place ahead of the Easter holiday, market participants are finding themselves at ease over old concerns – mainly that Brexit has been punted to October and that the US-China trade war talks are approaching the endgame. But the backdrop for Crude Oil prices remains supportive. Despite concerns over growth lingering in Europe, strong Q1’19 US growth expectations have shaken off any Fed-induced concerns about an immediate slowdown hitting the world’s largest economy. Coupled with ... (full story)

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