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Analysis

COMMODITY REPORT: Crude Oil Price Forecast: 7 May 2019 - Where Next For Prices? [Video]

[COMMODITIES UPDATE] Oil prices were down on Tuesday, pressured by stalling trade talks between the United States and China which could weigh on global economic growth and dent fuel consumption.

Talks between the world's two biggest economies hit a wall over the weekend, when U.S. President Donald Trump announced new import tariffs on Chinese goods. 

Meanwhile funds cut their bullish wagers on US Crude Oil in the latest week for the first time since February as U.S. Crude stockpiles rose to their highest since September 2017. 

Where are Crude Oil prices heading next?  Watch Phil Carr at The Gold & Silver Club review Oil with the latest price forecast and predictions: 

 

 

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