OPEC report leads to a recovery but the rally stalls
The OPEC headline about keeping production cuts in place with Non OPEC participation, sent the price of Crude oil back toward unchanged levels. The rally higher took the price to a a intraday high of $48.74. That took the price toward unchanged levels and also just above the 200 day MA at $48.65. However, sellers came in and have pushed the price back lower.