WTI Oil: Consolidation After 5.3% Fall on Thursday Likely to Precede Fresh Push Lower

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<p>WTI oil is holding within a narrow consolidation in early Friday after falling 5.3% previous day (the biggest one-day drop since Oct 4), being under increased pressure from growing demand concerns and strong supply. Short-term price action is holding in a downward trajectory and on track for the fourth consecutive week of losses, since fears […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/527869-wti-oil-consolidation-after-5-3-fall-on-thursday-likely-to-precede-fresh-push-lower/">WTI Oil: Consolidation After 5.3% Fall on Thursday Likely to Precede Fresh Push Lower</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>