Thu, 08 Sep 2022 11:41:53 GMT
Light crude oil reaches January levels
Due to recent events, a review of the technical chart for Light Crude oil has to be conducted. First of all, note the fundamentals, which were published throughout this week.
On Monday, crude oil prices reacted to the oil producing country cartel OPEC+ announcing that they would decrease their output targets by 100,000 barrels per day. Namely, the global supply of