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The oil rebound fueled the risk appetite, despite the US economic deceleration

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The oil benchmarks can find it harder meanwhile to stabilize again below 30$ which is looking the price that could exercise the oil exporters patience. The oil prices could be boosted by seen tries from OPEC members and non-OPEC members oil exporters to reach a compromise for cutting their productions. From another side, Baker Hughes weekly report came to say that US Oil Rigs have fallen by another 12 to 498, after operating 1223 a year ago. EIA said also last Friday in its monthly report that

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