Oil Price Fundamental Daily Forecast – Bullish Bets on Economic Recovery Hopes Setting the Tone
Add to Bookmarks U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher early Tuesday, helped by optimism for increased fuel demand following the reopenings of the U.S. and European economies. These increasing hopes for sooner-than-expected demand normalization are offsetting concerns over spreading COVID-19 cases in India and Brazil. At 07:02 GMT, July WTI crude oil is trading $66.58, up $0.30 or +0.45% and July Brent crude oil is at $69.81, up $0.3...
Source: fxempire.com