Fundamentally, crude oil supplies are at record levels here in the United States and globally, yet prices climbed this past week on news of rig and supply counts at places like the Cushing and Baker Hughes facilities.
The S&P 500 Index has recovered 1.25% today, arguably a very strong performance. However, if one is willing to look at the recent performance with a wider lens, he might note that the failed attempts at the late-February high have not been resolved.
The most important attribute of binary options is that your maximum risk and potential profit are clearly defined, no guess work is required. Take last October’s sell-off, that at the time appeared like it could be the big one.
News that 148 passengers and crew were feared died following the crash of a Germanwings flight in a remote area of Southern France sent shares in Lufthansa (Ticker: LHA) down by about 3%. Germanwings is the low-cost subsidiary of Lufthansa, and shares in other budget carriers fell in sympathy.
With stories and analysis pointing to fewer and fewer physical places to store crude oil coupled at the hip with an ever-strengthening dollar, it’s hard to get optimistic on the outlook for energy prices.