This week, the EIA reported a few potentially bearish short-term fundamental metrics for the oil markets (USO). Despite the immediate short-term fundamentals, crude prices have turned higher and appear to be turning a profit for long traders for the week. In this article, I will take a step back and examine the current fundamental developments of crude oil as well as economic indicators which will likely call the top of the market for oil within the year.
Short-Term Fundamentals
This week's Petroleum Status Report contained a few data points which all investors in