| Almost on cue oil prices quickly reversed course and traded higher on Tuesday when news broke that “Iran is sending positive signals that it may support group action to lift the oil market,” according to MarketWatch.
The ?Organization Of Petroleum Exporting Countries (OPEC) is due to hold an informal meeting next month to discuss stabilizing the oil market. This has left investors bewildered in the last few weeks as oil volatility increases. Earlier in the day, oil traded lower when Goldman Sachs reportedly said that both the oil prices and the crude market’s fundamental recovery remain fragile...............................................Full Article: Source
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