Crude Oil and International Conflict

WTI crude oil closed for the week at $48.52. Brent closed at $50.88 a barrel on the European Futures Market. This is an upbeat outcome for last month’s projections. Where is this headed?

Crude’s trading range will fluctuate with increased volatility for the remainder of 2016. Russia war planes dropped weapons into Syria from Iran. This escalates existing violence and may damage energy infrastructure to the point of shutting in production sooner rather than later. Venezuela expects to double its crude oil output due to the recent price jump.

Many predictions for significantly lower oil prices are pinned to slowing demand as summer ends. Supply issues may govern and Middle Eastern oil field production may drop. Recent air attacks on Libya widen the area of impact for increased stress and war. This is not a mirage. Expanded international conflict in Libya, Iraq, Turkey, Syria, and Iran makes it impossible to forecast currency fluctuations and crude’s trading zone.

How does Middle Eastern conflict intertwine with slowing global demand, lower revenue, and falling medium and long term bond rates? The currency market has seen drama and forecasts are undependable due to the lack of historical scenarios which include negative interest rate markets. Cheaper currency may seem to lower the purchase of crude oil , but the reality is that Middle Eastern oil does not rely on US currency rates to make its oil market.

The players in the Middle East are using Turkey and Syria. Russia, USA, and Britain have engaged in bombing for over one year in an area which has not declared war. There is a large amount of oil at stake. War always eventually increases the price of oil. Expect a new trading range over $50 until Middle Eastern bombing by Russia is stopped. There is pressure from Washington to keep a lid on energy prices until after the election.

©2016 ALL RIGHTS RESERVED Rebecca Stone SpeedyReads.com

Trading Jenga is a copyrighted and branded news journalism created by Rebecca Stone. Its Content accessed by You transfers no right, title or interest in or to such Content or any intellectual property rights or copyrights to the above Content. Photo copyrights are not owned by Rebecca Stone.

Don’t miss additional articles by Dr. Rebecca Stone on Linkedin.com!

Horny Goat Weed, the Magic Chinese Herb

Dr. Rebecca Stone earned a MBA in Finance from the University of St. Thomas in Houston, a Masters Degree from the Texas Health and Science University in Austin, BBA from the University of Texas at Austin, and a foreign Medical Degree in Alternative Medicine. Her medical writing includes over three hundred articles in the field of medicine and alternative medicine. She has written three medical books available online.

SpeedyReads publishes book written by Dr. Rebecca Stone, including The New Drone Juggernaut ©2015, Quantum Brain Healing ©2011, Quantum Orthomolecular Medicine ©2011, and Horny Goat Weed, the Magic Chinese Herb ©2015. The most recent book will be available in Spanish in the near future at Barnes & Noble.

Her current status at AMAZON for the Kindle book Horny Goat Weed, the Magic Chinese Herb ©2015 reached the top 5% of paid book sales for it’s medical category. Dr. Rebecca Stone also wrote The Undersea Adventures of Aladin and Alibaba.