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Crude Oil Rebounds From Critical Price Level

Discussion in 'Technical Analysis' started by Kaitlin, Sep 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Since Friday, the West Texas Intermediate (WTI) US benchmark for crude oil has been rebounding from a critical price juncture around the $43 level. This rise has been driven primarily by tentative hopes for an agreement among Russia, Saudi Arabia, and potentially other OPEC members to limit oil production in[​IMG]

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