WTI oil price is consolidating above new 2022 low ($71.74) hit on Wednesday, following sharp four-day fall. Growing concerns that economic slowdown would further weaken demand and increased production in the US, continue to pressure oil prices, with the latest break of previous low at $73.57 (Nov 28) signaling bearish continuation of the downtrend from […]
The post WTI Oil: Trading Near New 2022 Low, Pressured by Demand Concerns appeared first on Action Forex.
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