WTI Oil: Bears Hold Grip on Demand Concerns, OPEC+ Decisions

<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-oil15.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p>
<p>WTI oil price fell below $72 on Wednesday and trading at the lowest levels in five months. Bear-leg from $79.57 (Nov 30 peak) extends into fifth straight day, as decision of OPEC+ to extend production cuts and further reduce output from January did not satisfy market expectations, with growing concerns over fuel demand on clouded […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/530573-wti-oil-bears-hold-grip-on-demand-concerns-opec-decisions/">WTI Oil: Bears Hold Grip on Demand Concerns, OPEC+ Decisions</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>