Crude Oil Price Analysis for Rest of 2020
From youtube.comOil prices have taken a dip, ending last week on a bearish trend. The world is preparing for an impending glut of black gold and that sentiment alone is putting serious pressure on the oil price chart. In addition to that, major oil producer Saudi Arabia has slashed its prices further adding to the bearish tendencies in the oil chart analysis. What’s more, the world’s second-largest economy China has reached its storage limits, which is another grim indicator for the crude oil price in 2020. Demand is also dropping, which isn’t helpful for the oil ...