NEWS / Foreign Exchange

Mexico shut down the oil production due too storm

The oilcrisis became deeper as Mexico shut down the production. The season of thestorms in the Mexican gulf is in full power. To keep the platforms and theworkers of the coming storm the third-largest supplier of crude to U.S.halted the oil supplies. Theoil break $93.00 and reach $93.15 in the continue process of targeting $100 perbarrel. In a very short time is expecting the crisis with Turkey-Iraq border todeeper that will push the oil with another 2-5 dollars into upward direction.The forecast of World-Signals.com is open long @ 92.50/60 target @ 93.80/95.