The Crude Oil market on the D1 time frame was in an extended down trend until 26 September when a last lower bottom was recorded at 76.13.

OPEC+ will be holding an in-person meeting in Vienna today, and is set to announce a major decision that’s likely to reverberate across global oil markets.

European stocks crept higher on Tuesday, rebounding after a rocky start to the trading week as investors remained jittery over rising interest rates and risks of a global recession.

Markets generally dislike uncertainty. Yet, that doesn’t stop traders and investors from trying to price in what they think is likely to happen in their view.