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

Phil Carr The Gold & Silver Club

[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:

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 falls toward 1.3550, pressured by weak UK jobs report

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Gold recovers modestly, stays deep in red below $4,950

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Canada CPI expected to show sticky inflation in January, still above BoC’s target

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UK jobs market weakens, bolstering rate cut hopes

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Stellar mixed sentiment caps recovery

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