Oil Price Outlook Hinges on US Output as OPEC Upgrades Demand Forecast

13 April 2021 13 April 2021

BonTrade

Lack of momentum to push back above the 50-Day SMA ($60.69) may generate range bound prices in oil even as OPEC upgrades the outlook for global demand.

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Oil Price Outlook Hinges on US Output as OPEC Upgrades Demand Forecast

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