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Oil stages impressive turnaround

Discussion in 'Technical Analysis' started by ForexLive, May 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    WTI crude flat after falling $1.50 Talk of a stronger dollar and a June Fed rate hike led to heavy oil selling after the FOMC Minutes. Crude was at $48.72 before the Minutes and fell more than 4% to $46.76 by early in US trading.

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