Strong investor demand a weaker dollar and expectations of lower production has propelled crude oil to a new high for 2016. Today oil has risen strongly again ahead of the US inventory report at 16:30 CET. As it continues to tear higher it shows a similar behaviour to last year.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/oil-hits-new-2016-high-ahead-of-us-inventory-report-7529346?utm_medium=tf4-feed&utm_source=extract
Oil hits new 2016 high ahead of US inventory report
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