After the market closed today., their was news of downward revision Oil inventory to 495.6 million barrels which is a decrease of 8.1 million barrels and a change in expected U.S. oil production. As a result of this, Oil has risen over 2% in aftermarket hours. Whether or not this is a change in momentum is yet to be determined.
Considering the current state of the energy sector and our chart set up for REXX, this could have a big move or a medium time frame.
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