Crude oil price analysis

in #oil • 5 years ago

IMG_20190409_014422.jpg

Price of #crude #oil
#Brent $71.1 (+0.76 / +1.08%)
#WTI $64.46 (+1.38 / +2.19%)
8 Apr 20:58 UTC

Brent crude rose by US76 cents or 1.1% to US$71.10 a barrel and US Nymex rose by US$1.32 or 2.1% to US$64.40 a barrel.

Crude Oil Prices are up more than 33% since the start of the year with the breakout now testing a major technical resistance zone at five-month highs early in the month.Where Crude heading?

If the conflicts in Iran, Libya and Venezuela continue, the prices may stay above the current level after a correction

if any of these areas become calm, the correction will result in a longer side on the lower support level.

#crude #economy #world #trade
5 years ago in #oil by
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