Fundamentals Be Damned – Oil Price Correction Likely – OilPrice.com


CNBC
Fundamentals Be Damned – Oil Price Correction Likely
OilPrice.com
In the case of crude oil, for example, if supply is outstripping demand the price is going down, no matter what your charts indicate. In the short term, though, as traders pay attention to technical factors they can be enormously powerful. Right now
US crude settles at $52.63, down 1%, as more US drilling revives concern about oil glutCNBC
Oil slips as more US drilling revives glut concernsReuters
Analysts See Oil Prices Rising as OPEC Production Cut Bears FruitWall Street Journal
UPI.com –Telegraph.co.uk
all 148 news articles »