Crude oil price

Crude oil price is most overbought since April 2019; what next?

Crude oil price rose today after a successful virtual meeting by OPEC members and its allies. In the meeting, the members agreed to continue with their 10 million barrels a day supply cuts in a bid to stabilize the market. Brent, the global benchmark rose to $43 while West Texas Intermediate (WTI) rose by 0.86% to $40 a barrel.

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