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WTI: Oil Price Extends Weakness on Renewed Demand Fears

WTI: Oil Price Extends Weakness on Renewed Demand Fears
The WTI oil extends weakness on Wednesday, following nearly 6% fall on Tuesday, hitting one week low. The sentiment soured on renewed concerns about global demand, following a rebound in Covid cases and new lockdowns in China, world’s top oil importer. Fresh weakness, after bulls got repeatedly trapped above Fibo 76.4% of $97.62/$76.25 ($92.58), dipped […] The post WTI: Oil Price Extends Weakness on Renewed Demand Fears appeared first on Action Forex... Read More
Posted: Nov 9 2022, 15:36
Author Name: actionforex
Views: 102385

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