Can Oil Bounce Back as OPEC Meets?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Crude oil prices have been tumbling for much of the year as a supply glut, strong dollar, and geopolitical developments around the world continue to exert pressure. Just last week, oil prices saw an uptick as the ongoing conflict in the Middle East escalated after Turkey shot down a Russian warplane it claimed strayed into its airspace. Russia is one of the world’s largest oil producers. On Monday, during Asian trade, oil prices saw marginal uptick after falling over 1 percent on Friday. U.S.

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