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Crude Oil Price Fundamental Outlook
13/02/2018
Crude Oil Price Fundamental Outlook

At the moment, what are the current prices of US oil? Check this out on the 13 February Crude Oil Price Fundamental Outlook.

13 February, OctaFX – The American Petroleum Institute (API) will release its weekly crude inventory report at 21:30 GMT, which is a precursor to the official data provided by the US Energy Information Administration (EIA) the following morning.

13 February Crude Oil Price Fundamental Outlook

Crude prices are fresh off their worst week in two years, as prices crashed more than 10% in the wake of fresh inventory data and signs of surging US shale output. Markets flatlined at the start of the week but have since rallied amid renewed dollar weakness. US oil prices were last seen trading around $59.68 a barrel for a gain of 0.7%.

Disclaimer

This article about 13 February Crude Oil Price Fundamental Outlook was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.

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