Analyst: Oil prices rebound should extend to last Friday's closing price

On November 1st, Jinshi Data reported that IG market analyst Tony Sycamore said, ‘Although the crude oil market is expected to pump for a third consecutive day, it still cannot completely erase the huge decline after Monday’s opening. However, with the Middle East tension becoming the focus again, the rebound of WTI crude oil should extend to around $71.80, the closing price last Friday. However, everything may be different after the US election next week. I think it will depend on who wins the US election.’

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