Crude oil has moving in the tight range of $10 for the last 2 months. “We’ve really been trading in this range from $51.50 to $57.50 and being that we’ve been in this for a bit now, I would expect for us to actually break through to the upside,” said Wolfberg, head of U.S. cash… Continue reading Crude Oil About To Make A Breakout
Tag: crude oil
Hedge Funds Losing Faith In Oil Rally
Oil prices had been hovering above $100 per barrel just last year when Saudi Arabia decided to pump more oil from its wells and flood the market with oversupply. Since then oil prices fell from a whopping $107 per barrel to $42 per barrel. It was a great fall that nobody expected and anticipated. All… Continue reading Hedge Funds Losing Faith In Oil Rally