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Oil markets waiting on China GDP numbers

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The oil price fluctuated quite a lot yesterday, WTI was down by $1.41 during the day but a good late rally as equities took a risk on approach to commodities left it actually up 36c on the post close board. Brent moved around a bit too, the November contract expired down 44c but the December contract closed up four cents and today is over $50. Those inventory numbers confirmed the API stats and showed a build of 7.6m barrels, seasonal maintenance I have been talking about brought refinery

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