Worsened Demand/Supply Balance Suggests Limited Upside for Crude Oil Prices in Near-Term

<p>Crude oil prices consolidate narrowly around 11-month high. After rebounding about 20% from the March low, upside momentum appears fading. Traders are increasingly concerned about the demand outlook which could be hurt by resurgence in coronavirus cases in China. The Chinese government reported 793 new cases last week, compared with below 300 two weeks ago. […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/oil-n-gold/355705-worsened-demand-supply-balance-suggests-limited-upside-for-crude-oil-price-in-near-term/">Worsened Demand/Supply Balance Suggests Limited Upside for Crude Oil Prices in Near-Term</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>