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Oil Rebounds on Output Freeze Speculations

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 9, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    WTI Crude edged higher on Tuesday with prices clipping above $43 as the ongoing talks by some OPEC members over a potential freeze on output generated speculative boosts in oil prices. Regardless of these short term gains, Oil remains fundamentally bearish and could be poised for steeper decline as the[​IMG]

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