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In this blog post I wish to bring some interesting information for you... take a several minut to read and then you'll have a sharpen picture for your trading strategy...
U.S - Russia Tension to Raise Oil Prices...
Crude Oil prices continue to rise as Oil made its 3rd consecutive day of bullish behavior. A barrel of Crude is currently traded around $116.50, $3 above yesterday's midday rate. The U.S Crude Oil Inventories indicator has initially driven Oil prices down to $113 a barrel, as the publication of this indicator showed that prior expectations for a 0.7M increment were sorely moderate as the indicator demonstrated a 9.4M additional barrels as opposed to last week. However, shortly after Oil prices have resumed their uptrend. In addition, the U.S-Poland agreement that allows the U.S to construct a missile-defense system in Poland has generated a great deal of tension between U.S and Russia. Therefore Oil prices are expected to rise even more. ...
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