The US-China trade talks eased concerns about the global economy and energy demand, driving crude oil prices higher. The US added 188,000 barrels last week, the first increase in recent months. Tariff cuts improve the global economy, and there is a risk-seeking sentiment in the market. Crude oil fluctuates in a range, short on highs and long on lows. The upper resistance is 61.80-63.00. The lower support is 61.00-60.00.
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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.