This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

Crude oil prices did not react much to the news that Saudi Arabia and Russia agreed to cut oil production by over 9 million barrels.

Price action slipped back, falling to the lower end of the range close to the 22.00 handle.

Given that the support level is not breached, we expect oil prices to push higher.

However, we would need a breakout above 28.00 to confirm further upside.

TradingOil

The post Oil prices muted to OPEC production cut appeared first on Orbex Forex Trading Blog.


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.