Oil price pressured downwards on continued USD strength

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 6, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    With the continued strong dollar and only signs of further build up in stock levels the pressure is firmly downwards at the moment. Strikes in Brazil and shutting in in Libya are temporary, monotonous pumping from most producers is, at least for the time being less so. News yesterday that the Saudis had cut their prices to US and EU customers didnt help and the interesting thing about that was the EU bit, not normally a key client, Europe has clearly got onto the radar screens of the marketing

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