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Numerous Bullish Factors Boost Oil Prices! How Would The Prospect React?

Don’t miss the opportunity to make a profit, check the USOil trend now>>
The EIA report showed that U.S. crude oil inventories fell for two consecutive weeks, coupled with the increased Western military support for Ukraine, the geopolitical situation continues to intensify, boosting oil prices. On the other hand, related sources said that despite Iran’s nuclear negotiations progressing, there are still many difficulties to reach a final agreement on it, the bulls in oil prices prevail. Although many OPEC members support production cuts, relevant sources said that their production cuts are not urgent, therefore the short-term gains in oil prices may be limited.

The trend of USOil can be paid attention to…
-Latest news on the Russian-Ukrainian war
-20:30 US Unemployment Claims for the week ending 8/20
-20:30 US Core PCE Price Index (YoY) (July)
-22:00 University of Michigan Consumer Confidence Index Final Value (August)
Which will affect USOil trends, and investors must grasp the opportunity of making orders.
Daily Focus allows you to understand the USOil market, increase profit opportunities, and immediately seize the opportunity!!

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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.

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