Commodity Report: Crude Oil Price Forecast: 12 June 2019 - Where Next For Prices? [Video]

Phil Carr The Gold & Silver Club

Oil prices fell more than 2% on Wednesday, weakened by another unexpected rise in U.S. crude inventories.

The EIA on Tuesday cut its forecasts for 2019 world oil demand growth, which also pressured oil futures alongside trade tensions between the United States and China, the world's two biggest oil consumers.

Meanwhile speculators cut their net long positions in U.S. Crude futures and options again in the latest week.

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

Author

Phil Carr

The Gold & Silver Club

Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

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