Oil: Technical Correction But a Bullish Outlook

<p>WTI crude oil has lost around 3% since the start of the week, bouncing back to $88.4 from $91.2 at the beginning of the week. The observed pullback looks like a technical correction to remove local overheating. This correction comes against a relatively bullish background. Yesterday’s data marked a new drop in inventories, both commercial […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/fundamental-analysis/429150-oil-technical-correction-but-a-bullish-outlook/">Oil: Technical Correction But a Bullish Outlook</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>