Crude Oil price rises after trump says Saudis and Russians to cut output
U.S. President Donald Trump expects Russian President Putin and the Saudi Crown Prince to announce an oil production cut of 10 million to 15 million barrels. which makes the crude oil price rise.
Brent futures rose $8.04, or 33%, to $32.78 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $6.62, or 33%, to $26.93.
That puts Brent on track for its biggest one-day gain on record.
After 18 years, crude oil hits the low price (click here to see), now market trying to reverse. However the reversals are not yet confirmed. We still expect Oil to take deep lows before it rebound.
Wait for below 10$ to Buy oil at best price.
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It is better to do nothing, instead of taking wrong trades.
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