The oil ministers at the OPEC+ meeting last week must think they're in a nightmare. After some serious neck-wringing, they managed to come to a consensus to cut by an additional 800k bpd and extend voluntary cuts through Q1. The hope was that would lead to a a rebound in oil prices but instead we've had 5 straight days of declines and oil is below $70. It traded as high as $79.60 last week as OPEC was deliberating.There is some support in the $68 range while the June low was $66.80.This is on track to be the seventh consecutive week of oil declines. The May low was $63.64 but that was a very short-lived intraday spike and I'd see $66-68 as more important support.In the bigger picture, prices
Hence then, the article about wti crude oil falls below 70 for the first time since july was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( WTI crude oil falls below $70 for the first time since July )