WTI: Oil looking up on inventory draws and OPEC+ cuts – TDS Oil WTI Banks OPEC Commodities
, crude oil continues to hold on to the strong gains made recently as the market focuses on the EIA data showing broad inventory draws and the unexpectedly large OPEC+ production cuts.”
“Notwithstanding pending economic weakness in the Western world, we judge that the combination of OPEC+ cuts, low US petroleum complex inventory levels and the upcoming sharp increase in Chinese demand will sendShare:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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