WTI drops below $72, shrugs off optimistic IEA’s oil market view
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
In its latest oil market report published on Wednesday, the International Energy Agency (IEA) said that “rebounding air traffic and the release of pent-up Chinese demand dominate the recovery” in global oil demand.
WTI is unable to capitalize from the upbeat IEA’s oil market outlook. The US oil is trading back near $71.90, down from daily highs of $72.69, still up 0.31% on the day.
[/s2If]
Join Our Telegram Group
