Crude Oil Forecast And Technical Analysis Nov 24th
As we have mentioned in our previous Crude Oil forecast, Crude continues to hit the targets. Crude prices have reached 58.59.
Yesterday, a positive sentiment on oil prices was an announcement by TransCanada revealing that it would slash oil deliveries to the United States by 85% or more on its Keystone crude pipeline.
Now OPEC is in focus. Top crude exporter Saudi Arabia is lobbying oil ministers to agree on a nine-month extension to OPEC-led supply cuts.
Crude Oil Forecast
EIA reported on Wednesday that crude oil inventories fell by 1.9 million barrels last week. This was a positive sign for Crude Bulls.