WTI Oil recovers above $83 ahead of OPEC meeting
WTI crude oil traded higher on Friday, rising 0.76% to around $83.30 after a sharp intraday rebound, as markets looked to the upcoming OPEC gathering.
CL
West Texas Intermediate crude staged a strong recovery on Friday, advancing 0.76% to trade near $83.30. The move came after prices bounced from an intraday low below $82.
Oil markets are turning attention to the next OPEC meeting, where supply policy will be in focus. The recovery suggests traders are positioning for potential supportive outcomes from the producer group.
WTI's rebound also follows a volatile week, with prices drawing technical support at lower levels.
Source: FXStreet Forex News