The oil may have “originated another low overnight,” says Stephen Innes trading company OANDA, as he watches the US crude price hit a new four-year term.
He believes the new USMCA business deal is also pushing crude oil prices:
In the end markets remain singularly focused on the prospect of supply disruptions from Iran which is the main driver of oil prices.
Of course, the United States/Mexico/Canada trade agreement will be a long-term positive impact on oil prices in the wider context of the kidneys.
Photography: are P B