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Cheaper oil increase anxiety in FTSE

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Cheaper oil increase anxiety in FTSE by Ipek Ozkardeskaya Despite the fact that this event was well flagged, the oil market took another dive on news that international sanctions on Iran have been lifted. Iran is officially ready to swamp an already oversupplied oil market by an average estimate of 100000 barrels per day within a month. CFTC data as of January 12 shows that non-commercial short positions on Brent futures surged by 34% since November, approaching the record high of 80792

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