The last time it was so high was almost a year ago, on February 20, 2020. Then this mark was a strong support, now it is becoming a symbolic resistance. Fixing quotes above $ 60 will open the way to $ 65.5 and further to $ 68.
The OPEC + deal is yielding tangible results, however, one should not forget about shale oil, the production companies of which are able to quickly join at favorable prices.
Either way, money-inflated markets are showing uptrends, but 2021 is not promising to be calm.
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