Crude Oil Price Forecast: Upside Capped by Stronger USD, Demand Concerns

7 October 2020 Last updated : 7 October 2020 BonTrade

WTI crude oil prices swung lower following President Trump’s abrupt call to halt fiscal stimulus talks, dampening the energy demand outlook. WTI faces strong resistance at its 100-Day SMA.

Read more from the original source:
Crude Oil Price Forecast: Upside Capped by Stronger USD, Demand Concerns

Categories
BonTrade News

Leave a Reply

Previous article
AUD/USD Rate Swayed by Swings in Risk Appetite with RBA on Hold
7 October 2020
Next article
US Dollar Price Outlook Buoyed by Haven Flows Ahead of FOMC Minutes
7 October 2020