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WTI Crude Oil Forecast Week 4-8 September

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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.

Fundamentals:

Oil prices ended a bit higher on Friday but still posted a weekly loss as energy markets continued to weigh what the impact of Harvey will be on crude production and refinery demand in the Gulf of Mexico region.

When the Crude Oil market is discussed, typically there is a conversation about the end user demand such as economic growth, and consumption demand with season peaks or the upstream effects. Upstream, which is oil and gas nomenclature for exploration and production, has been of keen interest over the last few years as US output and exporting has been at record levels, and is seen as a key reason why the price of Oil has been hesitant to break above $50/bbl.

http://www.fxters.com/wti-crude-oil-forecast-week-4-8-september/


This article was written by Emre Tutucu for http://www.fxters.com/wti-crude-oil-forecast-week-4-8-september/ 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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