The OPEC+ JTC meeting has ended with no policy recommendations. This according to OPEC+ sources.

The sources also report that OPEC+ JTC keeps 2021 global oil demand growth that 6 million barrels per day.

The price of WTI crude oil futures is trading back below its 100 hour moving average at $73.31.  The next target comes in at the 200 hour moving average at $72.71.

In trading today, the sellers tried to push the price below the 200 hour moving average, only to find support buyers against day lower channel trendline. More recently the traders took the price above the 100 hour moving average only to fail on that break higher.