OPEC+'s decision to extend production cuts until the end of 2026, coupled with the voluntary reductions by eight major member countries, strengthens expectations of an imminent rise in oil prices. Simultaneously, the anticipated recovery of the U.S. economy under Trump's presidency is expected to positively impact the energy market and further boost prices. Based on the chart analysis, we advise avoiding unnecessary risks.
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.
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.