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Home News Forex & Commodities

The Fundamental and Technical Backdrop Remains Bullish for WTI

admin by admin
May 15, 2022
in Forex & Commodities
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OIL PRICE OUTLOOK: BULLISH

  • WTI oil prices make a round trip and end the week little changed around the $110 level, despite strong volatility
  • If China moves to lift Covid-19 lockdowns and Europe reaches a deal to ban Russian oil imports, the energy market could rally
  • This article looks at the key technical levels for WTI to watch in the near term

Most Read: Crude Oil Update – Uncertainty Around EU Oil Ban While COVID-19 Cases Fall in Shanghai

Oil…



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