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Oil prices fell again

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 10, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Last week oil prices fell again, WTI was down by $2.30 and Brent was off $2.14 only just keeping within trading ranges. With the NFP numbers being well higher than expected at 271/-, unemployment down to 5% and hourly earnings up 2.5% year on year, the greenback was only going one way, weakening the oil price. The rig count, which showed an overall decline of 4 units and 6 in oil, was unlikely to impact such strength and at the weekend economic data from China also showed the different

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