Forex Trading Library

Oil Breaks $120 as Supply Tightens

0 410

Oil posted a sixth weekly gain from the fallout of the EU banning Russian oil imports.

In addition, Saudi Arabia hiked prices for its crude sales in July, signaling tight supply.

This comes after OPEC+ agreed to accelerate output increases over the next two months.

So just how long will it be before oil hits more fresh highs?


OIL 01:45

GOLD 03:10

Test your strategy on how oil will fare with Orbex - Open your account now. 

Leave A Reply

Your email address will not be published.