Today, Prices of United States crude continued increasing in early trading session, headed for an 11 per-cent rise in the week leading up to Christmas, as the US market tightened on the back of falling supplies & looming exports.
The strengthening market is a result of falling stocks, decreased drilling activity, & looming exports following the lifting of a 40-year old ban of US crude exports.
Oil speculators, observers are buying options contracts that will only pay out if crude drops to as low as $15 a barrel up coming year, the latest sign investors hopes an even deeper slump in prices of energy.
The strengthening market is a result of falling stocks, decreased drilling activity, & looming exports following the lifting of a 40-year old ban of US crude exports.
Oil speculators, observers are buying options contracts that will only pay out if crude drops to as low as $15 a barrel up coming year, the latest sign investors hopes an even deeper slump in prices of energy.
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