Crude Oil Bulls Have a Banner Week As Reasons To Be Long Multiply

Crude Oil Bulls Have a Banner Week As Reasons To Be Long Multiply

Fundamental Forecast for USOIL: Bullish

Talking Points:

Crude oil was at the epicenter of geopolitical risk last week due to Yemeni missiles heading for Riyadh being intercepted and US President Trump threatening a barrage of missiles toward Syria. In a change of events, the reduction of trade war threats was replaced with possible real war, which was a concoction that caused oil bulls to bid the commodity market to the highest levels since 2014 and pushed WTI Crude closer to $70/bbl.

Volatility Now Brings Upside Price Risk That Also Includes Inflation Risks

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