On Sunday OPEC+ announced:
The 3.6mil bpd production cuts, will extend into 2024.
Saudi's will cut an additional 1mil bpd from July 2023.
The #oil #price opened higher on Sunday evening futures open.
It now looks like we have an inverse head & shoulders on the price of oil, taking the price into the mid and upper $70s. This may pave the way for oil being in the $80s sonner than later.
This will place pressure on the Fed as it will lead to even more inflation.
Headwinds however is still the lomming recession in US, EU as well as the weaker Chinese markets.
The 3.6mil bpd production cuts, will extend into 2024.
Saudi's will cut an additional 1mil bpd from July 2023.
The #oil #price opened higher on Sunday evening futures open.
It now looks like we have an inverse head & shoulders on the price of oil, taking the price into the mid and upper $70s. This may pave the way for oil being in the $80s sonner than later.
This will place pressure on the Fed as it will lead to even more inflation.
Headwinds however is still the lomming recession in US, EU as well as the weaker Chinese markets.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.