Oil Traders Increasingly Bullish Despite Economic Uncertainties

The global oil market has experienced a whirlwind of movements this week, with prices swinging between highs and lows, driven by a myriad of factors ranging from supply constraints to economic indicators and geopolitical events. In-depth Market Dynamics The week started with oil prices in the red, but as it progressed, a significant rally was observed in December crude oil futures, surging up by $5.74 from its weekly low before sellers decided to step in. The market reflected classic signs of a closing price reversal top on Thursday, indicating…