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The Energy Gap Widens, Oil Prices Sail On Contrarian
Don’t miss the opportunity to make a profit, check the USOil trend now>>
Europe is facing a heat wave, natural gas and electricity prices have soared to new highs, stimulating some countries to switch from natural gas to oil, oil demand has increased. Therefore, EIA raised its forecast for global oil demand growth in 2022. Coupled with the official entry into force of the European coal ban, the energy gap continued to expand, oil prices fluctuated higher. At the same time, geopolitical tensions between Russia and Ukraine have intensified, a bull market in oil prices might rise with fluctuation in short-term.
The trend of USOil can be paid attention to…
-Latest news on the Russian-Ukrainian war
-20:30 US Import Price Index (MoM) (July)
-22:00 Preliminary value of the University of Michigan Consumer Confidence Index (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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