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Crude oil markets have fallen during most of the week, only to turn around and find plenty of support.
Oil prices fell 2% on Monday after China’s stimulatory plans failed to impress traders and oil alliance OPEC lowered its demand forecast. West Texas Intermediate closed at $73.83 per barrel ...
Crude oil markets rallied to start the week on Monday, as we continue to see a bit of resiliency in this market overall. Helping the situation was a falling US dollar as well.
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The crude oil markets have pulled back a bit during the trading session on Wednesday, testing the top of a bullish flag.
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Crude oil markets continue to try to find some type of base but have also sold off to show signs of hesitation. Part of the reaction would have been reports that the United States and Russia have ...