In this video I review current oil prices including USO US OIL and WTI Brent Crude Oil. We say a massive rally from the April lows in the price of oil. Is this sustainable? Will it continue?
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Oil Price Crash 2020
There is still a possibility of a significant oil price correction. Note we could get messy sideways action on the price of oil for a few weeks as it continues to consolidate.
Oil Fundamental Analysis
We know OPEC nations agreed a supply cut and although late in coming this has helped the oil price stabilise in May 2020. Recently they have tapered these cuts and we may get full bore production return in August
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