Oil Price - Jan 25

dan_s · Post by **dan_s** » Thu Jan 25, 2018 4:07 pm

WTI March contract spiked to $66.66/bbl on 1/25 and settled above support at $65.

Short-term fundamentals are very bullish as U.S. oil inventories have fallen for ten straight weeks. If oil inventories do not start building soon, and building a lot, it will be difficult to meet the annual spike in demand each spring.

Watch Bob Iaccino video at http://www.cmegroup.com/trading/energy/ ... crude.html