WTI Crude Oil Showing Signs of Recovery After Dropping Below 200-Day Moving Average




OIL PRICE FORECAST

Oil Price Forecast:
Oil Continues to Advance as Supply Concerns and Potential Rebound in Demand Keep Prices Elevated.

Saudi Energy Minister to Provide a Further Update this Week on the Potential for Further Cuts or an Extension into 2024.

IG Client Sentiment Shows Traders are 79% Net-Short on WTI at Present.

To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section.

What is OPEC and What is Their Role in Global Markets?


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