Supported By Renewed Hope on Freezing Output, Oil Rallies
Apr, 06th 13:32
West Texas Immediate crude price has soared steadily today after Kuwait’s OPEc governor said that the deal between major producers could still be reached in Qatar on April 17 even without the participation of Iran. Despite moving sideways lately, the oil price is set to retest the high of $37.192 recorded on Monday. Investors are awaiting the U.S weekly report on oil supplies, which is expected to advanced by 3.1 million barrels in the week ending on April 1.
Buy Digital Call Option at 37.184, Buy Digital Put Option at 36.540.