Sunday, March 2, 2014

Crude Oil Overbought

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Unfavorable winter weather in the US and Europe has been supporting oil prices thus far this year. Oil is not reacting like other risk markets because of the winter and geopolitical tensions in the Middle East & Ukraine. Prices will go lower as temperatures rise, China’s slowdown will compound it even more. READ>>

Brent/WTI Spread Narrows to 4 ½ Month Low link chart

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