On a technical perspective, Oil could reverse from the current price and start to climb again targeting buyside, as we have seen a divergence between Brent and WTI. However, it looks like Brent is weaker and might not be able to validate higher prices.
Next week's OPEC meeting could clarify the direction, as I do not believe they will succumb to President Trump's requests of lowering Oil prices massively, and we could be looking for a volatile month.
Next week's OPEC meeting could clarify the direction, as I do not believe they will succumb to President Trump's requests of lowering Oil prices massively, and we could be looking for a volatile month.
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