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
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] full article...