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Commodities Briefing - Categorized | Oil, Price Watch more

Are crude oil prices setting up for an autumn bottom?

Posted on 17 October 2013

As global equity markets continue a strong move higher into Options Expiration week, something seems to be missing. Yup, Crude Oil prices aren’t playing along. In fact, Crude Oil has been mired in a steady grind lower, unaffected by the wild swing in equities. So, what’s up with the black gold?
Well, relative weakness in Crude Oil prices seem to be telling investors a couple things: The short-term rush higher in equity prices may be fleeting. Crude Oil isn’t quite ready for prime time… yet………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 39533 posts on Opalesque Commodities Briefing.


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