WTI Oil Outlook: Bulls Take a Breather ahead of OPEC+ Meeting, Crude Inventories

<p>WTI oil is consolidating under new seven-year high ($88.81), posted after six consecutive weeks of gains, as overbought daily studies and expectations of a rise in US crude inventories prompted some profit-taking. Overall picture remains firmly bullish, supported by solid demand growth and prospects of a limited production increase by OPEC+ group, geopolitical tensions and […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/427565-wti-oil-outlook-bulls-take-a-breather-ahead-of-opec-meeting-crude-inventories/">WTI Oil Outlook: Bulls Take a Breather ahead of OPEC+ Meeting, Crude Inventories</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>