Oil market is having a correction yesterday july 5 when US market open price down to 103.5 from 117.
Fundamentally, market demand for oil is still very high. The production for oil supply is lacking.
The USA government cannot allow the oil price to go up . So funds and government react to drag the oil price down.
We should see the oil market upcoming is very volatile . Range market .
But then the range should keep going up !
thanks my view. leave a comment below !
thanks
Fundamentally, market demand for oil is still very high. The production for oil supply is lacking.
The USA government cannot allow the oil price to go up . So funds and government react to drag the oil price down.
We should see the oil market upcoming is very volatile . Range market .
But then the range should keep going up !
thanks my view. leave a comment below !
thanks