Crude Oil Price Tied to Non-OPEC Supply Concerns, Lower Demand

Crude Oil Price Tied to Non-OPEC Supply Concerns, Lower Demand

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Crude oil will take its price cues from the ongoing concerns on increased supply from non-OPEC sources.
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Crude Oil Forecast: The 2019 Crude Bull Market Has Arrived

There you have it! Crude has gained 21% year to date after the US noted new possible sanctions for Venezuela’s PDVSA and that Saudi could cut production further.
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James Stanley

James Stanley   

Currency Strategist

Currency Pair:  GBPUSD, EURUSD, USDCHF, USDJPY
Expertise: price action - macro
Average Timeframe of Trade: few days - few weeks
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Paul Robinson

Paul Robinson   

Market Analyst

Currency Pair:  Bearish AUDNZD
Expertise: Technical
Average Timeframe of Trade: Several days to several weeks
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Technical Analysis

AUD/USD Eyes Resistance, AUD/NZD Resumes Fall, GBP/AUD May Bounce

AUD/USD sought to reverse losses this past week but stopped short of key resistance. AUD/NZD is a step closer to resuming its dominant downtrend. GBP/AUD may bounce in the near term.
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David Bradfield
Markets Writer
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