BullBearMkt

Better Days Ahead For Oil Companies As Brent Oil Targeting 70

Long
FX:UKOIL   CFDs on Crude Oil (Brent)
With OPEC agreed for a cut in production, the resultant effect on price has been bullish . In a couple of days, Brent oil likely to touch 56 level which could cause a pullback in price of oil towards 45 circa. Any price rejection for UKOIL from 45 level would likely lead to another rally to 68/70 mark in coming weeks.

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