Crude Oil Price Poised For A Breakout Amid Stormy Times
Crude oil prices have been under intense pressure. WTI crude has been trading below the $70 level; Brent crude has been hanging on to that level by a whisker.
Crude Oil Prices Take A Breather Amid Improved Inventories
The crude oil price has jumped more than 10% since the start of the week. Lat week, oil prices fell to a nine-month low before bouncing back this week.
Silver price remains range-bound as the US bond yields rebound from Friday’s intraday low. In the new week, the focus will be on manufacturing PMIs from various countries.
Crude oil price remains on an uptrend ahead of the OPEC+ meeting scheduled for Thursday next week. Analysts expect the alliance to increase output modestly even as demand surges.
