Crude Oil Outlook:

  • Fears of a global recession linger as China’s zero-COVID strategy continues and US economic indicators point to a slowdown in the coming months.
  • crude oil prices flow into a symmetrical triangle that can last until mid-November.
  • According to that IG Customer Sentiment Index, crude oil prices have a mixed trend in the short term.

Conflicting fundamental factors

Crude Oil prices had a strong October (+8.86% over the last month) and a positive start to November…

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