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Crude Oil gives back part of Monday’s gains with US Oil market in tipping point

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Crude Oil price slides lower on Tuesday after a key gauge on the US Crude market signaling a substantial glut taking place for the first time in nine months. The spread in price between Oil futures contracts for immediate deliveries against those a

Crude Oil edges lower due to concerns that the US Oil market might be glutted. Headlines risk in Russia and Ukraine point to further escalation. The US Dollar Index recovers from Monday’s low amid safe-haven inflows. month later is trading negatively for the first time since February and is an important sign of a bearish market outlook as it suggests sellers need to lower their prices in order to get rid of their inventory by the time the next supply comes in.

influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When

 

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Crude Oil: Market-Defining Price Shock Could Be LoomingCommodities Analysis by James Kostohryz covering: Crude Oil WTI Futures. Read James Kostohryz's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »