WTI Oil Extends Recovery on Growing Optimism on Narrowing Disbalance Between Supply and Demand

<p>WTI oil price rose to two-week high above $24 on Tuesday, extending recovery into sixth consecutive day. Renewed optimism in the markets on reopening after lockdown in several countries and US states, inflates oil prices as traders extend fresh longs on hopes for increased fuel demand. Vehicle traffic is expected to boost demand and narrow […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/292638-wti-oil-extends-recovery-on-growing-optimism-on-narrowing-disbalance-between-supply-and-demand/">WTI Oil Extends Recovery on Growing Optimism on Narrowing Disbalance Between Supply and Demand</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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