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The price of Brent oil broke the key resistance level of 84.00 and started an uptrend. The asset’s price rebounded to the crossing point of these trendlines and formed a long black candle at the end of the trading week to make up for the prior pullback. The price of oil is likely to drop at the beginning of next week. So, let’s observe whether this scenario ...
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Rain in the heart of the Canadian oil-sands region is reducing the threat of a wildfire that prompted an evacuation alert on Friday, while a town near British Columbia’s gas-producing region remained in danger. Showers expected on Monday may help contain a 6,600-hectare (16,300-acre) blaze near Fort McMurray, Alberta, according to provincial wildfire ...