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WTI Crude Oil Technical Analysis - Time for a correction?

WTI Crude Oil Technical Analysis - Time for a correction?
Crude Oil surged to new highs as the supply side got squeezed even more by resilient demand and more production cuts. In fact, the OPEC continues to forecast robust growth for oil demand in 2023 and 2024 while keeping supplies tight as Saudi Arabia and Russia extended their voluntary production cuts. Moreover, we got some extra supply side shocks from Libya and Kazakhstan recently. As long as the economies remain resilient, we might continue to see high oil prices, but this will eventually weigh... Read More
Posted: Sep 20 2023, 07:11
Author Name: forexlive
Views: 091174

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