Oil has run for long time, a correction is in order, for the long term is still a Buy, but for the next weeks I really think it could head towards the 73-72 dollars.
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Fundementals: As for the fundementals oil producers are headed towards more production per day, Iran may resume soon to sell its barrels ( or barter them as it happened ), the winter is heading towards an end so for medium-short term is heading down.
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Fundementals: As for the fundementals oil producers are headed towards more production per day, Iran may resume soon to sell its barrels ( or barter them as it happened ), the winter is heading towards an end so for medium-short term is heading down.