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Crude Oil Price Facing a Tough Climb Above $44 As Investor Caution Seizes Markets

From investingcube.com

Crude oil price on the Brent crude benchmark remains unchanged as dwindling risky sentiment turns into full-blown investor caution. Thursday’s slip in crude oil prices was due to the continued increase in the number of coronavirus cases around the world. Concerns continue to mount over the impact this would have on crude oil demand for the rest of 2020 and into 2021. Not much has happened this week in the financial markets as far as risky commodities are concerned. The OPEC + alliance meets later in the month to vote on extending production output curbs put in place earlier this year. Technical Outlook for Crude Oil ... (full story)

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  • Category: Technical Analysis