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Oil Prices Perspectives for 2016

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    A slowing in Chinese economic growth, a devaluation of the yuan, the constant increases in oil reserves and OPEC’s refusal to drop their extraction quota have caused oil prices to collapse once again. Since May the oil market has switched into a bear phase. Additional pressure on prices has come from the oil extraction companies themselves: via their hedging of risk. They attempted to fix the oil price for themselves on the futures and options markets for future extraction. In this case, they

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