WTI Crude Oil has recovered from the one-week low of $71.48, touched earlier on in the trade session. Focus now turns to today’s price action as the price flirts with the 200MA, which has been key for investors to identify dip-buying opportunities, especially amid recent support.

Markets could rest on the OPEC meeting, citing demand to increase into next year, as a key factor to hold oil prices above $65 by end of this year, also in line with key bank expectations.

What are your thoughts about this trade opportunity?

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