bearish

Crude Oil

OPEC’s Hint at Easing Production Cuts Sends Oil Prices Tanking

215 Views05 Jun 2024 18:35
Oil prices tanking on OPEC’s intention to ease cuts. Seasonal demand to push gasoline demand & prices despite hurricane fears. This backdrop is ripe for a long gasoline short oil setup.
What is covered in the Full Insight:
  • OPEC's Decision
  • Price Movement
  • Production Levels
  • Analyst Reactions
  • Trading Strategy
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