The price of oil may consolidate ahead of OPEC’s Joint Ministerial Monitoring Committee (JMMC) meeting on June 1 as the double top formation remains intact.
Read more about Oil steadies on stronger demand outlook as US inventories decline on Business Standard. Brent rose 16 cents, or 0.2%, to $68.81 a barrel by 11:20 a.m. EDT (1520 GMT), and US West Texas Intermediate (WTI) crude was up 11 cents, or 0.2%, at $66.18 a barrel
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