Commodity Report: Crude Oil Price Forecast: 19 June 2019 - Where Next For Prices? [Video]

Phil Carr The Gold & Silver Club

Oil prices ticked down on Wednesday following on from gains on Tuesday, buoyed by rekindled hopes for a U.S.-China trade deal and potential economic stimulus from the European Central Bank.

While OPEC has agreed to move its next meeting to July 1, followed by a meeting with non-OPEC allies on July 2, according to new dates posted on the website of the Organization of the Petroleum Exporting Countries.

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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GBP/USD bounces off lows, retargets 1.3550

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