CRUDE OIL NEWS UPDATES BY COMMODITYPADIT.COM::

PANDIT JI NEWS FORECAST::

Crude oil markets continue to grind higher, reaching towards the major resistance, but by the time we closed out the week, it looks as if we are still struggling in general.

WTI Crude Oil markets rally during the week, breaking above the $71.15 level. The numbers were somewhat bullish in the inventory during the week, but most importantly we are starting to see global tensions rise, and of course the sanctions against the Iranians will tighten supply.

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