A rare day for crude oil

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    A rare if modest up day for crude oil, WTI had been experiencing sub $40 conditions but the EIA rode to the rescue with a stock build which was around 2m barrels less than expected at +252/-. This was no dream number though and after the API had come in with a small fall on Tuesday some might have been disappointed. The Fed have now made it abundantly clear that they will raise rates in December, such is the strength of the US economy and there is no longer a desire to appease any other

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