Gold, Crude Oil, S&P 500 – Sentiment Analysis & Market Outlook dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Oil prices hit their highest level of 2023 in September but have declined very sharply since, with shaky economic data keeping markets fretting about the demand outlook.
This article delves into the reasons behind oil’s recent selloff. The piece also examines the commodity’s technical outlook, analyzing critical price thresholds that should be on every trader's radar in the coming days and weeks.
Oil traders are waiting for the delayed OPEC+ meeting, now scheduled for Thursday, to see if further output cuts are announced to help stabilize the price of oil