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WTI Oil: Further depression in the oil markets

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The early trading weeks of 2016 have seen the return of brutal punishment in the oil markets with WTI oil being repeatedly crushed and having found itself falling to its lowest level in over a decade below $30.50. The value of the commodity has already extended its decline by around a further 20% this year and although this is another astonishing drop following continual selling throughout last year, which has ultimately led to prices falling nearly 80% from its peaks just eighteen months ago,

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