oil price steady as a rock

With Venezuela in the mire I would have thought that the oil price might rise, but it is as steady as a rock, or even declining. This must be sign that there is no real alarm and that the media are just whipping things up?

 

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the media always dose that, but after all if it goes up it will take couple of days , for me i believe its going to raise tomorrow but not sure if it going to hit the 64, are you crude oil trader?

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9 hours ago, lord bathurst said:

With Venezuela in the mire I would have thought that the oil price might rise, but it is as steady as a rock, or even declining. This must be sign that there is no real alarm and that the media are just whipping things up?

 

lord bathurst,

In my opinion it looks like Oil wants to go higher so I have no doubt we will see $64 Brent soon ( could be as early as Friday evening after UK markets close ) Where it will go after that is a bit more difficult to call but I expect a steady rise. I think the hedge funds are yet to go long at least in the numbers they did last year. Govt shutdown, China trade and world trade worries EV demand talk plus the big sharp sell off last year making people hesitant to go all in...yet !

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