Beijing rejects Washington's threat of imposing tariff on Russian oil buyers, stating: "Our purchasing decisions are sovereign, and we will not compromise our energy independence."
OIL so inventories 7M vs -1.7..for me this should be bearish as it shows weaker demand..why is it going up..also last week 3.8M on July 2nd that was more than the -3.5 expected and it went up ..can somebody explain as I'm new on Oil?
OILtradingview.com/x/PMA8ZHX8/ Oil Short Setup Oil looks like it may offer a short opportunity soon. If the setup confirms, a stop around 66.30 could be considered for risk management. Trade safely and don’t rush entries, patience is key. What you think about it share your thoughts in comments.!