Oil surpassed $120 now the road to $150
Oil gapped over the weekend hitting a 2008 high of $125 oil price. It made a mini double bottom and pulled back before continuing. I see it going to $130-$132 are before going to a bull back
More supply fears are coming in. There are talks of import bans being put on Russia. Russia is a very big importer for many countries including the u.s. supply fears and fears of not a so big rate hike coming is also weighing. The federal reserve is saying a 25 point rate hike will come but that will put inflation on the back hand
More supply fears are coming in. There are talks of import bans being put on Russia. Russia is a very big importer for many countries including the u.s. supply fears and fears of not a so big rate hike coming is also weighing. The federal reserve is saying a 25 point rate hike will come but that will put inflation on the back hand