Crude Oil Forecast And Technical Analysis Nov 24th

As we have mentioned in our previous Crude Oil forecast, Crude continues to hit the targets. Crude prices have reached 58.59.

Yesterday, a positive sentiment on oil prices was an announcement by TransCanada revealing that it would slash oil deliveries to the United States by 85% or more on its Keystone crude pipeline.

Now OPEC is in focus. Top crude exporter Saudi Arabia is lobbying oil ministers to agree on a nine-month extension to OPEC-led supply cuts.

Crude Oil Forecast

EIA reported on Wednesday that crude oil inventories fell by 1.9 million barrels last week. This was a positive sign for Crude Bulls.




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