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WTI Oil: Trading Near New 2022 Low, Pressured by Demand Concerns

WTI oil price is consolidating above new 2022 low ($71.74) hit on Wednesday, following sharp four-day fall. Growing concerns that economic slowdown would further weaken demand and increased production in the US, continue to pressure oil prices, with the latest break of previous low at $73.57 (Nov 28) signaling bearish continuation of the downtrend from […] The post WTI Oil: Trading Near New 2022 Low, Pressured by Demand Concerns appeared first on Action Forex... Read More

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Oil

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Near

2022

Low

Pressured

Demand

Concerns

Forex

Posted: Dec 8 2022, 09:00

Author Name: actionforex

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