logo

Inside Investor

Oil Market Forecast & Review 1st February 2013

Oil Market Forecast & Review 1st February 2013

After reaching a high at $98.24, March Crude Oil futures sold-off slightly and consolidated as long traders took a breather ahead of Friday’s U.S. Non-Farm Payrolls report. Despite strong speculative buying, economic fundamentals did play a part in curtailing the rally. On Thursday, the U.S. reported an unexpected drop in fourth-quarter GDP. This created some uncertainty as to how strong…

oilprice logo