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Crude oil starts to chip away at the price gap from OPEC+ spike

The price of crude oil is trading down -$1.13 at $79.77. The low price did reach down to $78.53, and in doing so was able to chip into the gap from the OPEC+ production cuts from the April 1 weekend. On Friday March 31, the high price reached $75.70. On Monday, March 3, the low price reached $79 after the spike higher. Today's low price moved below the $79 level, but there is still a lot of room between it and the lower gap target at $75.70. Buyers have taken the price back into the post product... Read More

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Crude

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Opec

Spike

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Posted: Apr 19 2023, 15:46

Author Name: forexlive

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