WTI oil price fell near $100 support on Monday, extending weakness after Friday’s rally stalled, ending trading in bearish candle with long upper shadow and closing below the upper boundary line of the triangle, formed on daily chart. Fresh weakness was sparked by renewed fears about demand from China, the world’s biggest oil importer, that […]
The post WTI Oil Outlook: Oil Price Drops as Concerns about China’s Demand Offset Supply Fears appeared first on Action Forex.
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