Crude oil price (WTI), continues to zigzag as it rises for one day and falls in the next. Yesterday, it fell by over 2% after it had risen by over 1% in the previous day.
Bloomberg considers yesterday’s crude oil price fall to be related to the strengthening of the USD against the Euro due to expectations for good news in U.S. employment report, showing the U.S. continues its way to recovery.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
