Peter Kimani Posted April 3, 2020 Share Posted April 3, 2020 Oil has rallied higher for the past three days, is this rally likely to keep going? Quote Link to comment Share on other sites More sharing options...
0 Simon Mugo Posted April 3, 2020 Share Posted April 3, 2020 Hi Peter, I think that the recent rally in the crude oil markets is likely to experience a slight pullback given before it can continue. Remember that the rally was largely triggered by the expectation that OPEC and its allies will agree to a substantial cut in oil production at their emergency meeting on Monday. Crude oil prices could crash if the countries do not agree to cut their current high production levels. I'm trading oil at the moment and I'm expecting a pullback before the next phase of the rally begins. However, nobody has a crystal ball of the markets, but that's my current view of the oil markets. Quote Link to comment Share on other sites More sharing options...
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Peter Kimani
Oil has rallied higher for the past three days, is this rally likely to keep going?
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