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WTI Crude Oil: Long-term Outlook Mixed

From dailyforex.com

The West Texas Intermediate Crude Oil market is essentially hovering at this point, roughly in the middle of the larger consolidation range. The oil market has shown itself to be very resilient, perhaps based upon the entire idea of stimulus. Furthermore, the US dollar falling has boosted crude oil Price is right along with other commodities, based upon the idea that it will take more of those greenbacks to buy a barrel of oil. Whether or not that is sustainable is a completely different question, but at this point the US dollar falling should continue to help the oil market. However, if it were to turn around that ... (full story)

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