Oil: Why The Latest Rally Needs To Be Sold

London, 27 March 2015: 

Oil prices breached the $50 mark on Thursday as Saudi Arabia and other Gulf states deployed airstrikes into Yemen in defense of the Sunni leadership and against the Shiite Houthi rebels.  While oil has moved upwards rapidly after retesting old lows in the low 40’s last week, this latest 4% move in oil is counterintuitive and needs to be sold.

Source: Commodities Now feed

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