Crude Oil Technical Analysis – At a critical support ahead of the ISM release ...Middle East

Fundamental OverviewLast week, crude oil has been on a seesaw due to supply side factors as we got the news that Libya was going to close down all oil fields and halt production and exports, and then that Iraq was going to cut production.On Friday, oil weakened again on the news that OPEC+ was going to proceed with the planned production hike in October. In the bigger picture, the market has been mostly rangebound for two years as central banks tightening weighed on growth. Right now, it seems like the Fed is going to cut rates into a resilient economy which could spur economic activity. If they really manage to pull out a soft landing, it should support the crude oil market. On the other ha

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Crude Oil Technical Analysis – At a critical support ahead of the ISM release ...Middle East

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