WTI Oil: Oil Consolidating after Sharp Fall on Growing Economic Worries and Robust Dollar

WTI oil is consolidating above strong $100 support (psychological / Fibo 61.8% of $92.92/$111.33 upleg), following a 7% drop on Monday (the biggest one-day loss since Mar 28), as strong dollar and economic worries soured sentiment, increasing pressure on oil prices. Coronavirus lockdowns in China raise worries about lower demand from world’s top oil importer, […]

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