UK OIL D1
Oil peaked after the market fell in April. Only China with little economic activity has slightly increased oil demand. Essentially, oil prices have been raised speculatively. Recently, they have blocked the gap and reached the resistance level. Although OPEC is trying to somehow reduce the volume of oil production, the demand for oil is still quite low. And most likely, oil will at least go to correction and may resume its growth at the onset of the business year.
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