WTI Oil Outlook: Extended Production Cuts to Further Underpin Price

<p>WTI oil price edged lower in early Wednesday’s trading, after advancing 0.9% on Tuesday and hitting new 2023 high ($88.02), underpinned by decision of Saudi Arabia and Russia to extend its voluntarily output cuts in the fourth quarter. The decision for extended supply reduction is expected to keep the oil market tight, although the positive […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/517521-wti-oil-outlook-extended-production-cuts-to-further-underpin-price/">WTI Oil Outlook: Extended Production Cuts to Further Underpin Price</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>