Oil prices surged more than 5% to seven year highs with the breakout marking a seventh-weekly rally in crude. The levels that matter on the WTI weekly technical chart.
Oil prices surged 32% off the August low with a six-day rally within a eight week advance now testing seven year highs. Levels that matter on the WTI technical charts.
Oil prices surged more than 5% to seven year highs with the breakout marking a seventh-weekly rally in crude. The levels that matter on the WTI weekly technical chart.
US and Brent crude oil prices are well placed to advance further, and that would add to the downward pressure on stock prices, US Treasury bond prices and gold, with USD benefiting.