crude oil outlook

Crude oil prices near 2-month lows. What’s next?

by
Crude oil prices near 2-month lows. What’s next?

Oil prices dropped to a near two-month low on receding tensions in the Middle East, a complex interplay of escalating supply levels, demand worries, and challenging economic indicators. The global benchmark, US WTI crude currently clinging below $80 a barrel, has lost more than 10% from a near two-year high tested last month. A similar … Read more

gold price forecast: Gold will probably reach $2350-2400 per ounce very quickly; silver may have more upside: Peter McGuire

by
gold price forecast: Gold will probably reach 50-2400 per ounce very quickly; silver may have more upside: Peter McGuire

Peter McGuire, CEO, XM Australia, says coming to crude, “it had a tremendous run up and also when you are thinking about where WTI is $85 plus, 85 and a quarter, and you have got Brent sitting at $89.10, I feel as though that $90 will be taken pretty quickly and I would not be … Read more