any inputs?
I think it's Yen negative
I think it's Yen negative
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"With the expected reduction in OPEC oil production along with growing petroleum demand during the winter heating season, the average monthly price of WTI crude oil is projected to rise by about $2 per barrel each month over the next several months."
Also this is the EIA's graph of the crude oil price (WTI) over the next year or so. The red lines are the 95% standard deviation.
Quoting Money TalksDislikedAt the risk of boring everyone with oil (is anyone even interested in oil or will I just shut the hell up about it??? ) Market at the moment seems to be favouring rally for the day...it may have to do with EIA inventory levels due in fifteen minutes but we've failed to break the 59$ mark significantly. I'm long on this one for the day.Ignored