Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Crude Oil Forecast And Technical Analysis Week Nov 13-17

By

PrintPRINT

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 Week Nov 13-17

Fundamentals and the latest news

Latest News: Bahrain said an explosion which caused a fire at its main oil pipeline on Friday was caused by "terrorist" sabotage, linking the unprecedented attack to its arch-foe Iran, which denies any role in the Gulf island kingdom's unrest

Iraq will export between 30,000 and 60,000 barrels a day of crude from the Kirkuk fields to Iran via trucks until Iraq finishes setting up a pipeline link with its neighbor, according to a ministry spokesman.
Global refining capacity is likely to stay structurally tight medium-term, so any drop in margins is a buying opportunity, according to analysts at Bank of American Merrill Lynch.
The operating rate at Chinese independent refineries rose to 66.46 percent of capacity this week, the highest since 2016, according to data provided by industry researcher SCI99.

Key Fundamentals:

Crude oil prices settled lower on Friday, as investors fretted over an uptick in U.S. production but losses were limited as expectations grew that Opec would extend its agreement on output curbs. One of the key fundamentals is growing expectations of OPEC supply cut.

Technicals:

Continue Reading


This article was written by Emre Tutucu for http://www.fxters.com/crude-oil-forecast-and-technical-analysis-week-nov-13-17/ 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.

< Previous
  • 1
Next >
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE