WTI Oil Outlook: Oil Price In Recovery Mode But Stronger Positive Signal Could Be Expected On Regain Of $20 Level

<p>WTI oil price remains in green on Thursday and attempts to extend recovery from the record low posted after Tuesday’s crash. Signs that producers are cutting output in reaction to collapsed demand on coronavirus lockdown and start of OPEC+ 9.7 million bpd reduction from 1 May, revived optimism and prompted market speculators into fresh buying […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/289551-wti-oil-outlook-oil-price-in-recovery-mode-but-stronger-positive-signal-could-be-expected-on-regain-of-20-level/">WTI Oil Outlook: Oil Price In Recovery Mode But Stronger Positive Signal Could Be Expected On Regain Of $20 Level</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>