Daily Market Analysis 07|04|2021: OILApril 7, 2021 2021-04-07 11:05
Daily Market Analysis 07|04|2021: OIL
Buy position is envisaged if price trades above 63.36 with take profit at 63.77.
Sell position is envisaged if price trades below 62.30 with take profit at 62.05.
3:30pm USD Crude Oil Inventories
Comment: Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States- the world’s biggest fuel consumer, fell.
Analysis: SCRUM Team