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Crude oil set for volatility on upcoming producer meeting

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    There is no doubt that crude oil has been in a dramatic rebound since late January. In the case of the Brent Crude benchmark, price has risen by more than 60% in less than three months from its January lows below 27.00 to this week’s highs above 44.00. Much of this rise in the past three months has been due to two key factors: 1) There has recently been much speculation over a potential deal to cap crude oil production levels among Russia and several major OPEC nations, most notably Saudi

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