Archives for October 2017

October 2017 - Page 23 of 23 - Money Morning - Only the News You Can Profit From

Why Crude Will Surge Higher in October

Back in July, I released my oil price forecast for the third quarter of this year, predicting where prices would be at the end of September.

And by 2:30 p.m. EDT (the close of crude oil trading) on Friday, Sept. 22, the U.S. oil price was almost exactly in the range I'd predicted.

It settled at $50.66 a barrel, up 1.6% for the week and 6.8% for the month.

Meanwhile, the more international Brent oil price was already higher than the prices I'd predicted more than two months ago.

Brent came in at $56.81, 2.5% better for the week and 9.3% for the month.

But oil prices aren't about to stop here.

The thing is, you won't get an accurate forecast on financial cable news shows – they don't understand, let alone talk about, how the "spread" I'm going to show you works.

On the other hand, once you know how the spread works, you'll be able to tell for yourself where oil's going to go; no need to suffer any more cable talking heads.

And, even better, you'll be able to get yourself in a position to make oil profits long before the "other guy" realizes what's going on...