While heartened by the bounce in oil prices after the multi-decade lows reached early in the year, any significant further rally in energy prices would seem to us to require a far more vibrant global economy. (us.beyondbullsandbears.com)
However, above 1.6371 will indicate that a short term cycle bottom has been formed at 1.6167 level on 4 - hour chart, and the fall from 1.6721 has completed, then further rally could be se... (forexfloor.com)
OPEC (Organization of the Petroleum Exporting Countries) announced a surprise draft agreement to cut oil production that boosted energy prices, but any significant further rally would seem to us to require a far more vibrant global economy. (us.beyondbullsandbears.com)