Is this thing working? USO

OPEC+ production cuts are in the news today. Also in the news is the message that the cuts haven't convinced people that there will be enough demand. USO Oil has a strong support at $58.

Is the reaction in CL1! Crude Oil overdone?

This isn't a forecast, it's a thread to generate ideas of potential direction and supply/demand.

Please let me know where you think oil is headed as we wrap up 2023!

Cheers