Here is our crude oil price forecast for June 2021! Crude oil in June has been rising continuously and is now trading just below the $70 mark.
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For the first time since October 2018, the crude oil June price has come this close to $70 per barrel. And strong economic data is supportive of more gains in the near-term crude oil forecast.
Namely, some analysts have already set their targets above that level in the crude oil forecast today, and if we do see a clear break above $70 that could certainly pave the way for further gains. In fact, WTI crude already did so at the end of last week, but the move wasn’t sustained and the price fell back below $70 shortly after.
Watch our full WTI crude oil price analysis to see where this current tendency may lead us in the weeks to come and how the crude oil price will continue to develop. And drop us a line in the comment section below with your thoughts on our WTI crude oil forecast.
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