Brent crude oil has regained its upward momentum, climbing towards 73.63 USD, following a recent decline triggered by comments from US Federal Reserve Chairman Jerome Powell. In his statement, Powell indicated that the Fed would be cautious about further easing monetary conditions, emphasizing that the rate cut schedule should not be seen as a definitive […]
WTI oil price fell below $72 on Wednesday and trading at the lowest levels in five months. Bear-leg from $79.57 (Nov 30 peak) extends into fifth straight day, as decision of OPEC+ to extend production cuts and further reduce output from January did not satisfy market expectations, with growing concerns over fuel demand on clouded […]
The post WTI Oil: Bears Hold Grip on Demand Concerns, OPEC+ Decisions appeared first on Action Forex.
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