Why WTI Could Crash In The Coming Weeks

in #oil6 years ago

Oil prices have one of the greatest impacts on the global economy. Over the next couple months, we could see demand for the "black gold" diminish more than 1%. This could push prices down to $65 a barrel.

The reason many expect this is that the refiners are pushing to get in alignment with the Maritime accord that seeks to cut global shipping emissions in half by 2020.

There is one wild card in this. Hurricane Florence could mean that the thirst for oil in that region vanished in the short term but increase significantly once they begin to build.

Click on image to read full story.

steem.jpg

Sort:  

You got a 28.12% upvote from @booster courtesy of @steemium!

You got a 78.90% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!

You got a 77.97% upvote from @minnowvotes courtesy of @steemium!

You got a 79.32% upvote from @brupvoter courtesy of @steemium!

You got a 68.89% upvote from @upmewhale courtesy of @steemium!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!

You got a 68.51% upvote from @dailyupvotes courtesy of @steemium!

You got a 58.06% upvote from @emperorofnaps courtesy of @steemium!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!

You got a 61.95% upvote from @upme thanks to @steemium! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% from your share, daily payouts ( no commission ).
Quick delegation links: 25SP | 50SP | 100SP | 250SP | 500SP | 1000SP | 2000SP | 5000SP | Custom Amount

Do you know who runs the world and hold automotive progress? People who control and run oil companies. We should drive electric cars since early 1900's

You got a 47.62% upvote from @postpromoter courtesy of @steemium!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

Coin Marketplace

STEEM 0.25
TRX 0.19
JST 0.036
BTC 92436.94
ETH 3320.91
USDT 1.00
SBD 3.76