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WTI oil hovers in range on divided interpretation of output cut

WTI oil hovers in range on divided interpretation of output cut
Despite an early-week upswing, oil prices have struggled to extend gains and remain bounded within a familiar range. Saudi Arabia announced extension of its voluntary output cut. Russia and Algeria offered to trim their August output and exports. But these decisions are more seen as a sign affirming a waning optimism in demand growth. Technically, […] The post WTI oil hovers in range on divided interpretation of output cut appeared first on Action Forex... Read More
Posted: Jul 5 2023, 02:32
Author Name: actionforex
Views: 112431

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