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Another drifty day for crude oil

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 27, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Another drifty day for crude oil, the fundamentals say that we still have a glut and one that isn't going to change anytime soon. Analysts forecast a stock build of 3m barrels in the API stats tonight although the product situation is far from clear. At the moment crude oil stock build is offsetting supply side contraction and will weigh on oil prices to a large extent. On stocks, it is worth mentioning the natural gas price, nearly back down to $2 as we come to the end of the injection season

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