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Oil woes continue as buyers fail to take heart in OPEC+ decision

As the saying in markets goes, if something can't go up on good news.. Well, that seems to be the case for oil as it not only erased the opening gap higher yesterday, but is now being pressured back towards the $70 mark today.It goes to show that while OPEC+ may want higher oil prices, it seems that traders are not convinced by their plans outlined here over the weekend.Adding to that, the continued worries surrounding China and the fact that major central banks are continuing to tighten financi... Read More

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Content Topics

Woes

Continue

Buyers

Fail

Take

Heart

Opec

Decision

Forex

Posted: Jun 6 2023, 08:50

Author Name: forexlive

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