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Oil Rallies but is Correction Looming?

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Oil prices continue the rally at the start of the trading week.

This comes after the EIA announced that US gasoline inventories fell by 0.5-million barrels.

In addition, driving season in the US is starting, which is when demand for gasoline is typically at its seasonal peak.

So is a correction on the horizon, or will we see the black gold at recent fresh highs?

Timestamps

OIL 01:50

GOLD 03:05

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The post Oil Rallies but is Correction Looming? appeared first on Orbex Forex Trading Blog.

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