WTI Oil: Oil Price Falls On Growing Concerns About Global Demand Outlook

<p>WTI oil price slipped on Thursday, despite strong and unexpected fall in crude inventories, as rising coronavirus cases weigh heavily on global demand outlook. Disappointing economic data point to bigger than expected contraction of global economies that adds to negative signals. Fresh weakness cracked 30DMA ($40.34) and eyes psychological $40 support, break of which would [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/315127-wti-oil-oil-price-falls-on-growing-concerns-about-global-demand-outlook/">WTI Oil: Oil Price Falls On Growing Concerns About Global Demand Outlook</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>