Oil prices in 2019 have seen an overall increase of about 15% but they made their high way back in April. Where are Crude oil and Brent oil headed for the rest of 2019? Will a “Trade Truce” between the US and China boost the oil price or will economic slowdown continue pulling the oil chart down?
In this oil price analysis video for the second half of 2019 we’ll focus on both the technical side of things, with support and resistance levels from an oil chart analysis, as well as the more fundamental factors influencing oil in 2019.
The Brent oil price is also included in this analysis. The two main oil prices in 2019 have been largely in sync but we do see some potential differences in how things will develop for them in the months to come.
Where do you think WTI Crude and Brent oil prices in 2019 are headed – leave us your predictions and forecast in the comments below!
If you like our analysis for oil price in 2nd half of 2019, give us a thumbs up and make sure to subscribe to the capital.com channel for more crude oil price analysis!
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