Usoil(Crude Oil-WTI)
The risk of recession arises as a result of central banks' interest rate hikes against rising inflation.
Apart from this, an increase in demand is expected as a result of the reopening of the Chinese economy after Covid-19.
OPEC countries, on the other hand, do not want the price of oil to fall below $70 per barrel.
When we examine the weekly price chart;
The price has recouped all of last week's decline by rising.
The risk of recession arises as a result of central banks' interest rate hikes against rising inflation.
Apart from this, an increase in demand is expected as a result of the reopening of the Chinese economy after Covid-19.
OPEC countries, on the other hand, do not want the price of oil to fall below $70 per barrel.
When we examine the weekly price chart;
The price has recouped all of last week's decline by rising.