US oil forecast to retrace to $86.52-$90.96 zone in Q4 before resuming uptrend
US oil is expected to retrace into a support zone of $86.52-$90.96 per barrel in the fourth quarter before resuming its uptrend and retesting the resistance at $105.75, according to Reuters analyst Wang Tao. The correction is expected to be the same degree as the one from the July 23 high of $93.50, to extend to $86.52