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WTI Oil: Renewed China Optimism Keeps Oil Price Afloat, But Downside Remains at Risk

WTI Oil: Renewed China Optimism Keeps Oil Price Afloat, But Downside Remains at Risk
The WTI oil remains slightly bullishly aligned on Friday morning, following bounce on Thursday. Oil price regained traction after a sharp fall this week, as fresh signals on renewed hopes that China’s demand may rise and lower US inventories improved sentiment, though more evidence is still needed to signal reversal. Fresh support may also emerge […] The post WTI Oil: Renewed China Optimism Keeps Oil Price Afloat, But Downside Remains at Risk appeared first on Action Forex... Read More
Posted: Jan 6 2023, 10:28
Author Name: actionforex
Views: 110737

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