Over the weekend, a series of drone raids in Saudi Arabia ravaged the world’s biggest crude processing facility.
And now, naturally, everyone is talking about oil.
Oil is a part of everyday life for the planet. We all use it in some form or another, and there is perhaps no global commodity in higher demand – demand that will only increase over time.
Oil is that “black gold, Texas tea.” Recognize that tune? As Jed from The Beverly Hillbillies discovered, oil has brought riches to many.
And it can bring riches to you, too.
Prices are extremely volatile. Just think about how often the price of filling your tank changes.
This spells some serious profit opportunity for traders. If you understand the forces that drive this volatility, then oil can put money in your pocket in no time.
Here’s everything you need to know right now…
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Dear Power Profit Trader,
Over the weekend, a drone attack in Saudi Arabia completely devastated 6 million barrels of oil in the biggest crude-producing country in the world.
And, naturally, the market reacted, with crude oil skyrocketing 10% while airline stocks fell on Monday morning.
The market may have been closed when the attack occurred – but that doesn’t mean Monday morning’s price movement caught everyone by surprise…
Now last week, I showed you how to get an idea on Sunday evening of where stocks will go on Monday. Because even if the market closes at 4:30 PM, the market-moving news never stops.
Saudi officials believe that this attack will affect oil and energy for weeks to come.
Here’s how to predict the sector’s next move over the coming weeks…