The price of West Texas Intermediate has been rising from the lows, trading above $12, some $2, or 20% off the lows. The black gold is carried higher despite massive oversupply.
OPEC’s April oil supply surged to the highest since December 2018, as most of the world was already in lockdown. While members pledged to sharply slash output, it may be insufficient to support crude prices beyond temporary surges such as the one seen now.
The market mood has been improving, with stocks on the rise and the safe-haven dollar coming under pressure. S&P futures are pointing to the upside.
作者：Yohay Elam，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
喜欢的话，赞赏支持一下
加载失败()