Oil prices are fluctuating on Wednesday, with the projected market tightness driving them to new multi-year highs in the morning. Later in the day, API projections that crude stocks rose in the US spread concerns over the speed of the rally, with prices being trimmed back
Oil prices are currently that high that they carry quite some risk for traders, with today’s wild fluctuation illustrating their fragility and vulnerability to market developments. As Monday’s OPEC+ policy decision does not relieve the market tightness further in coming months, oil prices continued their stunning rally this morning. Despite the bullish morning, the API […]
