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Brent Crude Above $50, Is It Sustainable?

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 26, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Brent crude pushed above the key psychological level to trade above $50 for the first time since November 2015. The 85% rally since Brent hit a 12year low in January was supported by multiple factors, mainly oil disruption from major exporters and a production cut back by U.S. shale producers.[​IMG]

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