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WTI Crude Oil Technical Analysis

The OPEC+ seems to be intentioned to maintain oil prices above the $70 mark, but even with the Saudi Arabia additional voluntary production cut of 1 million barrels per day (bpd) beginning in July, with the possibility of extension based on market conditions, and the other members of OPEC+ extending their production cuts throughout 2024, oil prices keep falling. While the OPEC+ supply cuts may generate short-term spikes, it looks more and more evident that we are in a recessionary cycle, and the... Read More

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Forex

Posted: Jun 14 2023, 07:17

Author Name: forexlive

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