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Breaking news: Oil sinks nearly 3%

3:58 PM 29 November 2019

Russia's Novak says he favors taking OPEC+ extension decision closer to April

In addition the Interfax news agency cited kazakhstan's energy ministry said that Kazakhstan's Kashagan oilfield will resume oil production of 400,000 barrels per day by mid-December.

Oil price sinks nearly 3%. The nearest support to watch is $55.5 handle, where lies the lower limit of Overbalance structure (green rectangle).

Oil WTI H4 interval. Source: xStation5

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