Oil futures end lower on Friday, with concerns about growing supply and weakening appetite for energy, as global cases of COVID rise abroad, prompting prices to post a loss for the week.
WTI prices are once again testing a retracement zone at $59.58 to $57.64. This zone has provided support for about three weeks.
Bullish traders continue to find value inside a key retracement zone at $59.58 to $57.64. This area has been providing support for almost three weeks.