WTI Oil Outlook: Oil Extends Pullback, Pressured by Rise in Crude Stocks and Fed’s Pessimistic Outlook

<p>WTI oil stands at the back foot on Thursday and is trading around $2.5 lower in early US session compared to opening levels. Fresh weakness threatens to break below three-day congestion under psychological $40 barrier, after initial attack failed. Larger bulls are running out of steam, as pullback was signaled by overbought daily studies and […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/302666-wti-oil-outlook-oil-extends-pullback-pressured-by-rise-in-crude-stocks-and-feds-pessimistic-outlook/">WTI Oil Outlook: Oil Extends Pullback, Pressured by Rise in Crude Stocks and Fed’s Pessimistic Outlook</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>