Crude Oil Price Forecast: Boosted by Weaker USD, Falling Stockpiles

1 October 2020 1 October 2020

BonTrade

WTI crude oil prices climbed on stimulus hopes and a bigger-than-expected fall in DOE stockpiles. An immediate resistance level can be found at US$ 40.4 – the 100-Day SMA

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Crude Oil Price Forecast: Boosted by Weaker USD, Falling Stockpiles

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