Description
WTI and Brent crude oil are attempting to recover after a sharp post-election selloff, but ongoing Iran supply risks suggest the market may be underestimating potential disruptions. U.S. distillate inventories have fallen 13% below their five-year average, adding a bullish element to an otherwise mixed oil market.
This crude oil forecast examines Brent's bounce from its 200-day EMA, potential dip-buying opportunities and why Friday's U.S. jobs report could keep prices subdued in the short term.
For the full article:
https://www.fxempire.com/forecasts/article/oils-sharp-drop-may-offer-value-as-iran-supply-risks-persist-1642746/
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