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Oil continues to slide amongst no signs of change in demand - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at Rabobank, suggests that with no signs of change in the demand and supply backdrop, oil resumed its slide.

    Key Quotes

    “These lower oil prices continue to pressure energy producers. According to the preliminary results from the European Commission survey, households in the Eurozone became a tad more optimistic in December following a more significant pickup in confidence in the month before. The measure rose from -5.9 to -5.7. In the light of ongoing volatility in equity markets, uncertainty about the global economy and the heightened fears of terror (remember that the Paris terrorist attacks were only five weeks ago), this is actually a remarkable result. This is even more so because the most recent 'hard data' on retail sales have also been disappointing.”
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