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WTI Oil plunges towards fresh 12 year lows

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

  1. Sandra S.

    Sandra S. Forum Member

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    Sentiment towards WTI Oil received another shattering blow during trading on Monday with prices descending to yet another milestone low at $31 as concerns intensified over both global growth and the persistent oversupply of the commodity in the market. This commodity has been depressed for an extended period and the resumption of fears over China’s economic slowdown and growing tension between Iran and Saudi Arabia have rapidly erased any surviving expectations that OPEC may agree on a

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