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Lower Levels for Crude Oil Prices Likely to Persist

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As the world focuses upon the growing uncertainty around equities, the downside risks for crude oil continue to mount. As the commodities price remains severely depressed below the $30 handle, some are now questioning whether Iran’s returns to the market could see oil trading at levels not seen for many decades. The crude oil markets are largely facing a cross roads as OPEC seemingly weighs the options in either rebalancing supplies or continuing their campaign against the US shale producers.

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