Oil Bounces Back, Set for More Declines

<p><img width="612" height="405" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil94.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil94.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-oil94-600×397.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Oil’s bounce at the start of the week’s trading was an essential step in correcting the short-term oversold condition, but it may only fuel the interest of new sellers. The oil price is down 12.8% in the six trading sessions since 28 September. A local low was recorded immediately after the release of the labour […]</p>
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