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Thread: The Oil Patch

  1. #701
    Legendry Member Michael Hodges's Avatar

    Oil moves lower on disruption fear !!!

    oil prices moved lower after a number of Mideast countries distanced themselves from Qatar, a known haven for terrorism. The move is feared to break up the newly penned OPEC production cap extension which wouldn't have rebalanced the market anyway. I'm bearish, trading a put, entry above $9.86 on USO. NADEX traders look to sell the $47.25 at $50, end of week.

  2. #702
    Legendry Member milos's Avatar
    The price of crude oil has fallen 1.11%. This energy source has seen increased fluctuations in the course of trading on Monday,due to political tensions between Qatar and the Arab neighbors in the Middle East.Increased number of oil wells in the US showed Baker Hughes report on Friday.It further influenced the decline in the price of crude oil.

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