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Crude oil drops

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Crude oil prices have dropped sharply today on the back of fresh comments from oil ministers of Iran and Saudi. Just a week ago, hopes were raised for a more significant price recovery after Saudi Arabia, Russia, Qatar and Venezuela proposed an oil output freeze at January’s levels. The agreement was contingent on other large producers participating, including Iran and Iraq. Both countries have recently welcomed the deal but have not said if they will also participate. After presumably careful

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