West Texas OilShort
Despite Russia-Ukraine tensions, crude oil is easing off
Although analysis are calling for $100 oil, it doesn't seem to be so in the near term.
Price actions of recent WTI has seen spike at every time impending war warnings, but eased off after that. It seems that most are already taking profits off the table and moving into Gold.
So we should expect further slide of crude oil.
Price actions of recent WTI has seen spike at every time impending war warnings, but eased off after that. It seems that most are already taking profits off the table and moving into Gold.
So we should expect further slide of crude oil.
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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.