Pushing the prices of black gold is the renewed risk appetite which has been witnessed in recent weeks, with the main American lists that have updated their historical highs.
The attentions of the operators now go to the last month of the year, with the OPEC and OPEC + meetings scheduled for the next 5 and 6 December in Vienna. The objective of the investors will be to understand how OPEC + will be able to limit the supply, in a situation in which the demand for crude oil is constantly decreasing.
For Carlo Alberto De Casa, Chief Analyst of ActivTrades, exceeding the level of supply concentration at $ 57.70 a barrel puts crude oil in a position to test the key levels of $ 59.40 and $ 61, "with a trend still favorable to oil".
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https://www.money.it/petrolio-wti-de-casa-attesa-meeting-opec-vienna
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