Oil prices pulled back from the yearly high, testing levels around the prior swing low. Will storage data reveal further drawdowns, potentially eyeing a bullish continuation?
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Oct 3, 20232023-10-03 10:30:04Support eyed ahead of storage data as bulls weigh up possible continuation playsBasket and this morning it touched the 107 mark. Towards the end of last week, the dollar eased off as fears around another US Government shutdown went down to the wire, eventually ending on Saturday where Congress voted to avoid such an outcome.
With the Brent/WTI spread narrowing, it appears that WTI could lead a move higher in oil prices should we see further bullish momentum from here.
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