Oil Looks for a Low Despite Another OPEC Downgrade
Crude oil rallied from lows near $66 last week, shrugging off another OPEC downgrade. USOIL – Daily Chart The price of USOIL bounced last week, hinting at a potential base for a low. The first upside target for crude is at the $71.72 level. OPEC cut its forecast for global oil demand growth in 2024…