WTI OIL Outlook: News of Further Production Cut Maintain Optimism but Fears of Fresh Corona Infections Weigh

<p>WTI oil rose $1.5 on Monday after Saudi Arabia announced that it will further reduce the output by one million bpd. Oil price holds in green for the second day and fresh advance signals that shallow pullback from new recovery high ($26.71) might be over. Near-term sentiment remains positive on prevailing optimism, with the action […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/294164-wti-oil-outlook-news-of-further-production-cut-maintain-optimism-but-fears-of-fresh-corona-infections-weigh/">WTI OIL Outlook: News of Further Production Cut Maintain Optimism but Fears of Fresh Corona Infections Weigh</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>