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WTI recovers into the bear's lair

From fxstreet.com

WTI crude oil prices climbed on Thursday, currently trading at $71.81 and higher by 2.2% following a move from $69.88 that reached a high of $72.00. Expectations of tighter supplies through 2021 has helped the price of oil to continue to recover following a sharp move higher the prior day. Oil had been pressured a the start of the week after members of the Organization of the Petroleum Exporting Countries and other producers including Russia, collectively known as OPEC+, announced that they would agree on a deal to boost oil supply. The news that 400,000 barrels per day would be coming on to the market between August ... (full story)

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