Crude is at a key support where it needs to bounce from or it could break down to much lower levels again.
If it breaks down it could fall to 37.
Why it should concern us..?
weak oil = low consumption = weak markets.
Watch this space to track which way the big boys thing the economy is headed coz supplies hve been cut sharply..so in an improving economy prices should rise.
If it breaks down it could fall to 37.
Why it should concern us..?
weak oil = low consumption = weak markets.
Watch this space to track which way the big boys thing the economy is headed coz supplies hve been cut sharply..so in an improving economy prices should rise.