Oil prices have been on the rise the past two weeks on positive vaccine news
and hopes for a rebound in demand once vaccinations started on a large scale
However, earlier this week, oil reversed its climb on the news about a new,
more virulent variant of the coronavirus infecting thousands in the UK and prompting new travel restrictions in Europe
and other parts of the world. The news saw oil traders exit their positions driving prices down.
which all was just FOMO as you can see the smart money stayed bullish on oil look for buying aportubties
and hopes for a rebound in demand once vaccinations started on a large scale
However, earlier this week, oil reversed its climb on the news about a new,
more virulent variant of the coronavirus infecting thousands in the UK and prompting new travel restrictions in Europe
and other parts of the world. The news saw oil traders exit their positions driving prices down.
which all was just FOMO as you can see the smart money stayed bullish on oil look for buying aportubties
