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Oil decline resumes

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks erased early losses and closed nearly unchanged on Monday as oil prices resumed the decline after four days of gains. The dollar weakened, live dollar index data indicate the ICE US Dollar Index, a measure of the dollar’s value against a basket of six major currencies, fell 0.6% to 99.002. The Dow Jones Industrial Average ended 0.1% lower at 16,449. Exxon Mobil was the worst performer among the Dow components, closing down 1.7%. The S&P 500 was 0.1% lower with energy and

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