here is an update of my previous analysis for USOIL!
crude oil is absolutely under the microscope. Even the OPEC countries are publicly discussing its immediate future
with Ihsan Abdul Jabbar, the Oil Minister of Iraq, OPEC’s second largest producer,
noted that oil could probably remain around US$65 a barrel.
Standard data is scheduled for release within the next 24 hours in the United States,
in the form of the weekly inventories from the American Petroleum Institute,
which will be compared to the unexpected climb last week to 90,000 barrels, however this is a bland, routine spreadsheet exercise.
crude oil is absolutely under the microscope. Even the OPEC countries are publicly discussing its immediate future
with Ihsan Abdul Jabbar, the Oil Minister of Iraq, OPEC’s second largest producer,
noted that oil could probably remain around US$65 a barrel.
Standard data is scheduled for release within the next 24 hours in the United States,
in the form of the weekly inventories from the American Petroleum Institute,
which will be compared to the unexpected climb last week to 90,000 barrels, however this is a bland, routine spreadsheet exercise.
