Oil -Rising on potential OPEC cut oil production
Updated
Well, the technical analysis seems to indicate that Oil is currently in a very strong overbought area, from which we expect it to rise to at least 82.
Especially since interest rates may stop rising in the coming period and be fixed at 5.25 or 5.50
With the decline in oil prices due to the economic slowdown, there is a high probability that OPEC will cut oil production at the next meeting, which will cause prices to rise strongly.
Especially since interest rates may stop rising in the coming period and be fixed at 5.25 or 5.50
With the decline in oil prices due to the economic slowdown, there is a high probability that OPEC will cut oil production at the next meeting, which will cause prices to rise strongly.
Note
Prices started to riseSaudi Arabia started to reduce production voluntarily
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