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Crude Oil plunges into Q2

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    WTI Crude collapsed during trading last week following the unexpected statement from Saudi Arabia stating that any output deals would be dependent on Iran’s participation, which consequently crumbled expectations of a successful meeting in Doha. This paradox of a scenario comes at a time when Iran is engaged in a self-fulfilling quest to boost its output by 4 mbpd in a market already oversupplied by 2mbpd. The cocktail of events in Q1 almost make it seem like OPEC had no real intention in

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