Crude oil touches a fresh one-month high and is likely to push higher as the charts take another bullish twist. Crude oil has brushed off concerns that the global economic growth is slowing and aided by a slightly weaker US dollar and OPEC+ supply cuts is close to recovering half of its recent losses. The ongoing trade spat between the US and China is being pushed to the side, while the partial US government shutdown, and US President Trump’s non-attendance at the upcoming World Economic Forum in Davos, is also being ignored as bulls control the oil space.
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