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Oil Price Fundamental Daily Forecast – Worries Over Trade Deal, Deeper OPEC Cuts Weighing on Prices - FX Empire

Oil Price Fundamental Daily Forecast – Worries Over Trade Deal, Deeper OPEC Cuts Weighing on Prices - FX Empire > Crude oil prices are likely to remain under pressure on Friday as the general uncertainty in the marketplace over a trade deal and additional output cuts from OPEC is encouraging investors to book profits and lighten up on the long side. U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday on renewed concerns over U.S.-China trade relations and soaring U.S. crude oil inventories. Despite progress in the trade talks between the two econo… [+2471 chars]

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