Is Black Gold Set For A Retracement Towards Lower Levels?

Published by
ValueWalk

While last week’s geopolitical tensions have eased a bit, the OPEC+ members’ meeting knocks at the door. How will it affect crude inventories? Q4 2021 hedge fund letters, conferences and more Crude Oil Prices PauseCrude oil prices paused this morning in the European trading session, the day after a new technical increase linked to the expiration of futures contracts. OPEC+ members, including Russia, are due to hold a meeting tomorrow in which speculative talks suggest that OPEC+ could announce a quicker increase in supply. On the other hand, US crude inventories should be scrutinized this week…

Read More

MENU

CATEGORIES