View full page at energyexch.com

 

WTI Crude Oil Forecast: Markets Seeing a lot of Volatility

From dailyforex.com

The West Texas Intermediate Crude Oil market has fallen rather hard during the trading session on Friday, in what might have been partially due to low volume. At this point, the market looks likely to see speculation on what happens at the OPEC meeting this coming week in Vienna. During the Friday session, there were rumors that OPEC was going to delay extending the production cuts until the April meeting, which had oil falling rather rapidly. However, you should also keep in mind that the low-volume may have exacerbated the entire move. It’s also worth noting that the $55 level underneath is the so-called “fair ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis