Fundamental factors support Crude Oil price growth

The fundamental analysis supports the rise of Crude Oil price in the last few days. Although that the technical analysis shows the end of the uptrend of Crude Oil. The fundamental is very strong during the last few days. Russia working hard to push the prices of Oil up while at the same time there are other factors to support the growth of the price. The referendum in one of the important area with huge oil wells in North Iraq and the positive vote to create autonomy of Kurdistan. expects to see the price of Crude Oil (New York) to continue with upward movement with target above $53.40 in the next couple of days.

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