What will happen of OPEC will not cut oil production, as it has promised?John Kilduff from Again Capital sees disruptive consequences.
We expect a continuation of the dollar weakness today, as we also look at the daily Forex news. Gold broke out higher yesterday as the dollar weakened.
Market experts believe that in spite of OPEC deal Crude oil prices will not reach desired levels. Oil bloc members might have to prolong the oil cut deal.
The following presents Crude Oil Forecast after Russia output cut and the technical view of what could happen by the end of the first half of the year.