Ceasefire talks between Russia and Ukraine further eased fears of supply disruptions and surging COVID-19 cases in China fueled concerns about slower demand.
2. Ukraine hopes, China lockdowns : Hopes for a diplomatic solution in Ukraine continued to weigh on oil prices Tuesday, along with COVID-19 lockdowns in China, pushing prices of both Brent and U.S. crude down to levels not seen in two weeks
There are bigger reasons why the price could bounce back up next: War in Ukraine and Inflation.
We are going LONG here. Do your own research and ride the Bull (or the Bear). Good luck to all.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.