CFDs on WTI Crude Oil
Long

WTI Crude Oil OPEC+ Token Supply Cut

441
OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day.

Emily Ashford (Standard Chartered analyst): “Last month’s adjustment provided a nod to the demands of the consumers, this monthly adjustment is a small nod to the concerns of the producers,”
Deepening energy crisis in Europe after Russian energy giant Gazprom PJSC said gas flows along a key pipeline to Germany would not resume.

In this economic context my short term price target for WTI Crude Oil is $99.

Looking forward to read your opinion about it.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.