FlowBank

34 days ago • Posted by Paul de La Baume

Oil sees buying momentum #oil #WTI #recession #economy #trading

Oil is seeing strong momentum thanks to China's reopening. Nonetheless, China's growth trajectory is facing many challenges and there are increasing signs that the world could be facing a global recession in 2023. Oil benefits from tight supplies and a weak dollar which encourages buyers to step in during weakness. 

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