Energy OverView September 12, 2014

WTI oil prices rebounded with gusto, yesterday. They seemed to turn on a dime, reversing off a key technical level. There was some news that BNSF railroad was undertaking significant track maintenance that has and will impact crude oil shipments. Two independently owned East Coast refineries said that they would be impacted. So, the apparent supply disruption, courtesy of Sheikh Warren Buffet seemed to cause the jump. Some rumblings from Russia about US plans to strike ISIS in Syria also propped up prices.

This content is for Trading/Hedging Consultation Package members only.
Register
Already a member? Log in here