BEARS & BULLS CLASH TO GIVE OIL A DECISIVE BREAKOUT

Thursday, 08/07/2021 | 07:45 GMT

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WTI crude prices surged to a six-and-a-half year high in early trading on Wednesday on expectations that output will not be increased despite the sharp rebound in demand. However, reports suggesting that some OPEC+ members may be looking to increase their market share encouraged bears to dominate the market later in the session.

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Source: https://www.adss.com/en/market-updates/research/bears-bulls-clash-to-give-oil-a-decisive-breakout/

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