OPEC+ production cuts are in the news today. Also in the news is the message that the cuts haven't convinced people that there will be enough demand. 
USO Oil has a strong support at $58.
Is the reaction in
CL1! Crude Oil overdone?
This isn't a forecast, it's a thread to generate ideas of potential direction and supply/demand.
Please let me know where you think oil is headed as we wrap up 2023!
Cheers
USO Oil has a strong support at $58.Is the reaction in
CL1! Crude Oil overdone?This isn't a forecast, it's a thread to generate ideas of potential direction and supply/demand.
Please let me know where you think oil is headed as we wrap up 2023!
Cheers
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