Why WTI and Brent fall drastically on Friday after a huge a surge?

(edited)

I am new to this forum and new to Crude oil trade. Started since June 2018. Mostly I trade in WTI and Brent.

One of the things surprises me on Friday that OPEC has cut the production and Inventory report is negative for Crude.

So technically wti Crude should fly to 56-58 range but it happens exactly reversed it went till $54 and then till $52.14.

Any specific reason for this fall?

 

If somebody please enlighten me would be helpful.

Edited by debaion

Share this post


Link to post
Share on other sites