Have Oil Prices Reached A Turning Point? [Video]
|WTI and Brent hit fresh highs on Tuesday with oil demand looking particularly robust. Both benchmarks were at their highest levels in months but saw a slight drop off as trading continued. Looking ahead to Wednesday, Crude Oil traders will focus on U.S Inventory data, which is expected to show a build in crude oil stocks, largely as a result of Hurricane Harvey damaging U.S oil refineries in late August.
Where are Oil prices heading next?
Simply watch the video to find out!
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.