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Oil is getting absolutely ravaged

Discussion in 'Technical Analysis' started by ForexLive, Jan 6, 2016.

  1. ForexLive

    ForexLive Forum Member

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    WTI crude oil falls below $34 Crude is down $2 and has broken below $34 to $33.98 in heavy selling. This week's oil inventories were much tighter than expected but that was more-than offset by massive surpluses in gasoline and distillates that suggest sharply lower demand for oil from refineries in the near future.

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