attacks exchanged between Houthi's in Yemen and Saudi Arabia.
Houthi's have claimed they've attacked Aramco again and an airport and some other targets inside Saudi Arabia.
I think these back and forth attacks and the Saudis wanting to control the price of oil with more cuts if push comes to shove, it might end up overpowering the fears of low demand for oil from china (And the world due to spread of coronavirus) even temporarily (a correction to 57.75)
for now, the 49-52 price range in #WTIcrude will remain a decent support area for bullish bias.
Houthi's have claimed they've attacked Aramco again and an airport and some other targets inside Saudi Arabia.
I think these back and forth attacks and the Saudis wanting to control the price of oil with more cuts if push comes to shove, it might end up overpowering the fears of low demand for oil from china (And the world due to spread of coronavirus) even temporarily (a correction to 57.75)
for now, the 49-52 price range in #WTIcrude will remain a decent support area for bullish bias.
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