Commodity Trading Trends: Crude Making Its Way Up?

After peaking above $100/barrel last month, crude oil endured a bit of a slide the mid $90s, but its momentum seems to have shifted. After a big day yesterday, February has seen crude futures begin to make their way back up, much to the delight of many investors. For the trailing weeks, the biggest story surrounding crude oil has been the tensions surrounding Iran. The nation, who controls a narrow body of water through which a large proportion of the world’s oil passes, has been threatening to cut off oil to the U.S. as well as other parts of the world. While WTI is the commodity of focus here in the States, brent oil has also been on a tear as of late [see also Crude Oil Guide: Brent Vs. WTI, What’s The Difference? ]. See the full story here →