a little rebound on USOIL

18 בפבר׳ 2016

surprising cuts on oil inventories in United States, an agreement between Iran, Rusia and Saudi Arabia; we have to remember, that the biggest downside movement, went in a moment of geopolitical tensions between the two biggest OPECs members, now they support the idea to cut production, so it will bring strong pressure to a rebound in the oil price. BUT, i dont think it is going to break the 35USD barrier, so it is going to ocsilate for a long period between 30-35USD.