Why Oil Prices Could Spike in February ...Middle East

OILPRICE - Economy
Why Oil Prices Could Spike in February
source : OILPRICE ( Middle East ) () 64
Oil prices have fallen for the second consecutive week, but a major bullish catalyst may be looming in early February.Oil prices are set to finish this week some $2 per barrel lower than a week ago as the January ICE Brent futures contract expires just below $77 per barrel. However, the second straight weekly decline could be cut short very quickly if Donald Trump’s February 1 deadline for Canada and Mexico leads to the US slapping punitive 25% sanctions. If the threat does become a reality, the oil bulls will not stop until Brent is back…

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