Oil rebounded after briefly declining in early trading this week. Oil prices were supported by data released by the Energi Information Administration (EIA) which stated that oil inventories in the US fell by -4.727M, exceeding -3.214 forecasts.
For the next trading, oil is predicted to continue to strengthen with a target price of $50.18.
For the next trading, oil is predicted to continue to strengthen with a target price of $50.18.