Oil price

Posted: July 11, 2014 in Uncategorized

I just went and look at the data on why the oil price are not moving up like Gold, since the Middle East turbulence.

It seems that the main reason is due to huge profit taking of institutional investors that got the hint of what was happening before the Islamic State attack. The profit taking seems to be abating, so oil is almost ready to spike up again and attack Brent US$118.

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