Oil Price Forecast: Sell-Off Looks Overdone, Tight Energy Market Supports Rebound - DailyFX


6/18/2022 12:00:00 AM2 years 10 months ago
by Diego Colman

Oil sold off during the week and fell to its lowest level in nearly a month on growing recession fears, but the commodity could rebound soon, supported by extremely tight energy markets.

OIL PRICE OUTLOOK: SLIGHTLY BULLISH

  • Oil prices plunge on recession fears and reach their lowest level in nearly a month, but the sell-off appears overdone
  • Despite the large drop ove… [+4296 chars]

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