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The oil rally will continue



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US. West Texas Intermediate and International Benchmark Brent crude oil futures rose to a new high this week. Markets are supported by OPEC's production cuts and US sanctions against Iran and Venezuela, which have helped to strengthen global supply. However, the uptrend on Friday is likely to be fueled by heightened demand for risky assets and firmer US Treasury yields, which dampened concerns over a US recession over the course of the year. The trigger for the price action is the optimism that comes with the resumption of trade negotiations between the United States and China.

Strong Performance in the First Quarter

The price of crude oil will see its biggest increase in the first quarter in ten years. In addition, WTI futures are able to rise for a fourth consecutive week, with a 31

-percent gain expected in the first quarter. Brent futures will rise 27 percent in the first quarter.

CNBC says, "For both futures contracts, the first quarter of 2019 is the best quarter since the second quarter of 2009, when both increased by 40 percent.

Trump makes a weak attempt to stop the rally

Strong gains this quarter may have led President Trump to call on OPEC to boost production on Thursday to lower prices.

. The world markets are fragile, the price of oil is getting too high. Many Thanks! "Trump wrote in a post on Twitter.

Trump …


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