Crude Oil Price Forecast: Breakout on Saudi Has Fundamental Support

Crude Oil Price Forecast Talking Points:

If a crude oil trader were to look just at the weekly EIA Crude Oil Inventory Report, they’d likely assume that Crude would be trading lower. If they acted on that assumption, they would also be in the red on the trading day so far.

Instead, a handful of geopolitical headlines to Crude Oil to the highest levels since 2014 as the EIA weekly data took a bad seat, and at a good time too for crude oil bulls.

Unlock our Q2 18 forecast to learn what will drive trends for Crude Oil in a volatile Q2

Handful of Geopolitical Headlines Lead Way for Crude to Trade Higher

Commodities are naturally susceptible to supply and demand shocks, and few things cause such shocks as potential attacks on large energyproducing

Article source: https://www.dailyfx.com/forex/technical/home/analysis/usoil/2018/04/11/WTI-Brent-Crude-Oil-Forecast-Syria-Saudi-Russia-OPEC-EIA-Breakout.html?DFXfeeds=forex:technical:home:analysis:usoil