WTI CRUDE OIL
hell traders here is fallow up buying set up for USOIL
my fundamental view!
Oil prices rose early on yesters, supported by a risk-on sentiment on the equity markets and expectations that the oil production curbs by OPEC+ and its leader Saudi Arabia would tighten the market in the first quarter.After gaining around 8 percent in January,
oil prices began the month of February with gains, too, buoyed by Saudi Arabia’s commitment to reduce its crude oil production by an additional 1 million barrels per day (bpd) beyond its quota in the OPEC+ pact.
my fundamental view!
Oil prices rose early on yesters, supported by a risk-on sentiment on the equity markets and expectations that the oil production curbs by OPEC+ and its leader Saudi Arabia would tighten the market in the first quarter.After gaining around 8 percent in January,
oil prices began the month of February with gains, too, buoyed by Saudi Arabia’s commitment to reduce its crude oil production by an additional 1 million barrels per day (bpd) beyond its quota in the OPEC+ pact.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.