Why oil prices still have much further to fall

Discussion in 'Market News' started by ForexLive, Oct 21, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    We're only at the start of the inventory-building cycle WTI crude oil prices are down $1.23 today to $45.06 after another week of huge oil inventory builds. The problem is that hardly anyone scales back production. At this point, it's clear that OPEC will pump at full capacity no matter what and fresh Iranian oil is soon to come down the pipeline.

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