crude oil price today - crude oil price chart
"crude oil price today - crude oil price chart"
in the news crude oil price today - crude oil price chart? What this all about..... See below.
Sentiment Trader can see that CRUDE oil was a good investment this year, Elsewhere, oil was lower, but still looked like it would close in the black for the year, which would be the first time it’s done so since 2013.
Oil actually went up over 40% in 2016. WOW. might be one to watch as we head into 2017. That ascending triangle that has been developing over the last few weeks, is sure to be interesting too. This is quite interesting.
OIL could glide towards $60 per barrel soon, but that is just a guesstimate, a Reuters poll showed on Thursday, with further upside capped by a strong dollar, a likely recovery in U.S. oil output, and possible non-compliance with agreed cuts.
The market on Friday shrugged off an unexpected increase in U.S. crude inventories, which rose 614,000 barrels in the week to Dec. 23 according to U.S. Energy Information Administration data. Analysts had expected a decrease of 2.1 million barrels.
Still, the rise in crude stocks in the EIA data was significantly smaller than in Wednesday's American Petroleum Institute (API) data that indicated a 4.2 million barrel build in U.S. crude oil stocks in the same period.
Gasoline stocks fell 1.6 million barrels, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel rise.
The market is likely to have focused on the surprise draw in product stocks and taken a slightly more bullish view towards the WTI contract, traders said
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