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Crude volatility here to stay as traders eye OPEC

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Last week was a volatile one for crude oil. Brent and WTI prices rose in the first three days of the week but then gave back much of those gains in the last two. Nevertheless both contracts managed to eke out gains for the week and it was the first positive week in four for Brent. And following a weaker start this morning, oil prices have turned slightly higher. The volatility therefore continues as Friday’s OPEC meeting nears. The pressure is growing on Saudi Arabia to cut production after it

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