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Oil prices on the verge of a big breakout?

by Joel Frank
28 September 2021
in Commodities, World
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WTI is testing it’s 2021 and 2018 highs (which coincide in the $76.00s). A key driver of recent bullishness in crude oil markets has come from tightness in global natural gas markets, with sharp price rises their increasing the relative attractiveness of crude oil as an energy source for global utility companies. If crude oil can break above recent highs, there isn’t much technical resistance all the way to above $90 per barrel.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:15 LCrude

Tags: BrentNATURAL GASOPECWTI
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