Oil prices rose around 1% to move further away from five-
month lows hit earlier in the week, buoyed by a report
that Washington could postpone trade tariffs on Mexico and
signs OPEC and other producers may extend crude supply
cuts.
We like the odds of a bounce from 53.00 towards the short-term
resistance in the 54.20s.
month lows hit earlier in the week, buoyed by a report
that Washington could postpone trade tariffs on Mexico and
signs OPEC and other producers may extend crude supply
cuts.
We like the odds of a bounce from 53.00 towards the short-term
resistance in the 54.20s.
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Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.