DislikedWTI: Recovery remains capped near $58.70 ahead of US data 24 May 2019, 12:58 Oil recovers +1% as OPEC supply cuts and Middle East tensions pose supply risks. Set for biggest weekly loss heading into US durable goods and drilling data. The WTI (futures on Comex) recovery from two-month lows of 57.34 fizzled out in Europe near 58.75 region, as the bulls now consolidate the gains awaiting the next trading impetus, with the US durable goods and oil rigs count data due later today in NA session. The steady recovery in the black gold remains supported...Ignored
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