EIA Oil Report Analysis 7-26-2017 (Video) "Credit News 24"
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We discuss the EIA Oil Inventory Report in this video, focusing on the fundamentals of the oil market with the third stellar oil report in succession, what the drivers for the positive reports has been, and what will determine next week`s price action in the commodity. Still not a lot of sticky money in the oil market yet, or we would be much higher given the run of drawdowns! Commodities can be priced all over the place given the exact same fundamentals; and currently no long term investors really interested in the oil market just yet. Capital has just been shocked to even think of commodities as investable assets over the long haul, shoot the Wheat Market outperformed crude oil this year!
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