With strong rhetoric continuing from both parties in recent days between the US & Iran, slight ease in pricing within oil markets has been seen in the last season as oil losses roughly -1% of its recent days gains. This however, maybe short lived as during the day’s session fresh threats against the US have been made. These fresh fears have seen to roll into today’s past session seeing a drop in US markets with a -0.28% fall in the S&P500.
On the oil front we saw API Crude Oil data release showing a negative gain in oil stock for the week down -5.9450 million barrels. This much in line with last weeks negative number. This giving a slight indication of what might be ahead for oil production in the near future leading into 2020 new year.
On the oil front we saw API Crude Oil data release showing a negative gain in oil stock for the week down -5.9450 million barrels. This much in line with last weeks negative number. This giving a slight indication of what might be ahead for oil production in the near future leading into 2020 new year.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.