Rebound in Crude Oil Price to be Short-lived as OPEC+ Cut Can Hardly Balance Market

Crude oil prices jumped amidst more optimistic above coronavirus vaccine. The market also anticipates OPEC+ too extend the output cut deal until 1Q2021. For the latter, it appears that most OPEC+ producers agree to extend the cut as global oil demand should remain weak for the year ahead. Yet, we doubt if further cut is […]

The post Rebound in Crude Oil Price to be Short-lived as OPEC+ Cut Can Hardly Balance Market appeared first on Action Forex.

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