Oil rose higher after bouncing from $23.50 area during the New York session yesterday. Oil price strike higher as Russia willing to cut WTI output.
Oil remains below $25 area and the Bulls may push higher today. Oil is currently struggling to sustain the Bullish momentum after the price bounced from $20
Oil price pushed lower ahead of Oil Strong Bullish Move, as Libya and Iraq supplies decline confused the market. Check today's Oil Technical Analysis.
The Central bank of Russia believes that oil will hit $40 by the end of the current year. Do policymakers have a secret Russian Oil price plan?