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Crude Oil Forecast And Technical Analysis Dec 6th

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Crude Oil Forecast And Technical Analysis Dec 6th

Latest Fundamentals:

Refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand.

The American Petroleum Institute (API) late on Tuesday that showed a 9.2 million barrel rise in gasoline stocks in the week to Dec. 1, and an increase of 4.3 million barrels in inventories of distillates, which include diesel and heating oil.

However, OPEC's supply cut is supporting the prices.

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This article was written by Emre Tutucu for http://www.fxters.com/crude-oil-forecast-technical-analysis-dec-6th/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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