Check out today's Crude Oil Forecast-
The substantial surge in WTI Crude Oil prices has been impressive, leading some investors to exercise caution, resulting in a slight pullback during recent trading sessions.
A successful breach beyond $85 could potentially lead to further price gains, with the possibility of reaching the $90 price range. Despite showing signs of being overextended, the underlying bullish sentiment is driven by OPEC's ongoing production cuts. While the global economic outlook remains uncertain, supply constraints have become a focal point in the minds of traders.
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