Forex, video, latest June 11, 2021 2:01 am
WTI settles at $70.29
It’s another day of settlement above $70, also that’s going to offer oil companies some major cashflows.
I’m torn. I think a deal is coming next week also it should become priced inside but there has clearly been some snags inside a past three weeks coinciding with a rally from $62.
Where do I stand? Today’s price action shows to me that a deal isn’t priced inside also if Iran can really get production return inside three months, us could see $66 before $72.
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