Wednesday, May 27, 2020
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Saudis along with the US and Russia claim the spotlight in the Oil market

(adsbygoogle = window.adsbygoogle || []).push({}); On Monday a meeting was held between U.S. Energy Secretary Rick Perry and Saudi Energy Minister Khalid al-Falih in Washington. After the meeting, it was announced that the Trump administration recommended that the biggest oil-producing countries should keep intensifying production, in order to counter

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OIL-JUL18H4120618 | EconAlerts

Technical Analysis – WTI crude oil futures is bullish in the short-term

WTI crude oil futures surpasses 23.6% Fibonacci; next resistance at 67.30. West Texas Intermediate futures is on course for a bullish correction and is posting some gains today, following the rebound on the 64.20 support level. The price jumped above the 66.00 handle and the 23.6% Fibonacci retracement level of the down-leg from 72.87

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