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Oversupply of oil at a time when demand is flimsy at best

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    What was a bad week for the oil price, with WTI falling $3.55 and Brent $3.81, ended with the terrorist action in Paris on Friday night. It would be easy to say that this has heightened the geopolitical environment, and it is no doubt true that military action will step up in the area, but for the time being nothing has changed on fundamentals. The key numbers for the crude market are quite simply based on an oversupply of oil at a time when demand is flimsy at best. The IEA report was the

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