Oil Enters 2020 With Bullish Trend

01 Jan 2020
Source : OilPrice
Date    : 
Tuesday December 31, 2019

Oil closes out 2019 on a bullish note, pushed higher by renewed economic optimism, the OPEC+ cuts and a thawing U.S.-China trading relationship. “Prices ended the year with optimism close to 70$ /bbl for Brent and we expect them to stay supported through Q1,” OilX Chief Executive Florian Thaler told Oilprice.

“In March all eyes will remain on OPEC and OPEC+ and whether the action of production adjustment will be extended further.”




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