Crude Oil Vulnerable to Huge Supply, Stronger Dollar

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Crude Oil Vulnerable to Huge Supply, Stronger Dollar

Postby » Tue May 24, 2016 7:11 am

This guest article was written by James Hyerczyk, financial analyst at FX Empire.

July crude oil prices could feel pressure this week if traders return to following the traditional fundamentals. Although legitimate concerns over supply outages underpinned prices last week, the main concern for traders should be the huge global supply and the strengthening U.S. dollar.

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Once the speculators are chased out of the market because of improving conditions in Nigeria, traders will be forced to ... (read more)

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