
WagmiGoats Insights (WGi) 📊
February 6, 2025 at 07:57 AM
*🛢️ OIL PARES LOSSES AFTER SAUDI PRICE INCREASE*
Oil prices rebounded in early Asian trading on Thursday, recovering from the previous session’s sell-off after Saudi Aramco raised its official selling price (OSP) for March crude exports.
*🔹 Key Drivers:*
✅ Saudi Arabia’s price hike signals confidence in demand, easing fears of oversupply.
✅ Market focus shifts to U.S. inventory data and potential supply risks.
*📈 Outlook:*
💠 Short-term support seen as traders assess demand strength.
💠 Resistance levels in focus amid ongoing market volatility.
*📍 Stay ahead of the markets with Wagmigoats Insights (WGi) 📊 for expert analysis and updates!*
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