WTI short term price prediction

The demand for oil is there at 95 million barrels per day and the reduction of investments over the past 5 years started to show its teeth. The OPEC deal still holds, the demand is increasing due also to the summer period & a possible Iran deal will not soften too much the supply tightening taking place right now. For the time being, we see the WTI price fluctuate between 60-70 USD with a short-term upside bias.

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