WTI oil price fell further in early Monday trading, in extension of Friday’s 2.2% drop, as the sentiment soured on signals that higher than expected US inflation may delay Fed rate cuts. Fresh weakness emerged after several upside rejections and repeated failure to register a weekly close above important Fibo resistance at $78.13 (38.2% retracement […]
The post WTI Oil: Oil Price Extends Weakness on Fading Fed Rate Cut Expectations appeared first on Action Forex.
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