Oil – Are we nearing a buy signal?

The oil price continued to fall on worries about weakening demand and increasing supply.

The graph below shows oil going back to 1983 and the graph further below shows oil prices over the past 3 months.

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We suggest investors watch the $35 – $38 price range for buying interest to increase. Should international travel recommence in 2021, oil prices will likely be a beneficiary, along with energy related equities.

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