[Video] Saudi crude output set to return to normal quicker than anticipated – Reuters

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According to a Reuters report, “SAUDI OIL OUTPUT WILL RETURN TO NORMAL LEVELS QUICKER THAN INITIALLY THOUGHT - TWO SOURCES BRIEFED ON SAUDI OIL OPERATIONS.”

WTI has dropped sharply on the headlines, retreating noticeably form that noted $63 resistance level we highlighted HERE yesterday.

In this video, I have added a few technical thoughts on the direction of WTI oil prices:


Related tags: Crude Oil Commodities Oil

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