🛢 WTI Crude Oil has been on a rise since the start of the year, climbing by nearly 25%. In this WTI Oil forecast for March 2021, we’ll be going over the latest market developments and the current catalysts that will have an impact on WTI oil prices for March.
The Texas freeze created fear about crude oil supplies, but later reports that surfaced towards the end of February revealed that oil supplies are actually much larger than expected, which took off some momentum for the overall crude oil price forecast.
However, many traders are hopeful that the demand will rebound with developments surrounding the COVID vaccine and reopening of travel, which could bring in greater price action for WTI Crude Oil in March 2021 and throughout the year if realized.
What are your WTI Crude Oil price predictions this March and for the rest of 2021? Let us know in the comments! And if you’d like to open up positions to trade WTI Crude Oil, as well as other commodities, stocks, FX pairs, crypto currencies, and more, head over to [ Ссылка ] today and register a free account within seconds!
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