Why The Oil Market Would Be Bullish Over $20.27 ?

U.S. West Texas Intermediate crude oil futures are up for a third straight session.
As major producers began output cuts to offset a slump in fuel demand triggered by the coronavirus pandemic.
The data showed U.S. crude inventories grew less than expected.
The imbalance between oil supply and demand is set to be halved to 13.6 million barrels per day (bpd) in May.
It is to further drop to 6.1 million bpd in June, according to Rystad Energy.

A recently published article in oilprice.com reveals...