WTI oil rises on Tuesday, signaling that pullback after repeated failure at psychological $80 barrier was shallow and short-lived (contained by rising 5DMA). The overall sentiment remains positive on tight global supply and expectations that rising number of new coronavirus cases will not have strong impact on global demand recovery. Soaring number of new infections […]
The post Oil Price Regains Traction on Tight Supply and Continuing Demand Recovery appeared first on Action Forex.