Why Oil Prices Could Go Higher Soon

Why Oil Prices Could Go Higher Soon

One of the supposed divides amongst traders is that between those who rely on technical analysis, the study of charts and price action, and those for whom fundamentals, the basics of supply and demand in the case of a commodity such as oil, are more important. In reality, traders, or at least those that are successful, use both. Most start with a base case formed by studying fundamentals, then use chart analysis to establish entry and exit point…

Abu Dhabi tracks oil prices higher, Dubai falls – Global Rubber Market News

Abu Dhabi index closed higher on Friday, in line with oil prices after new sanctions were imposed on Iran’s crude exports, while Dubai index bucked the trend. Oil prices – a key catalyst for Gulf’s financial market – drifted nearly 1% higher as the U.S. Treasury said on Thursday it was imposing new sanctions on […] Source

Oil prices rose in trading today, Friday, after falling yesterday after US President Donald Trump reiterated his intention to reduce energy costs in the United States. US crude futures rose in the West T