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Crude Oil Prices Vulnerable as Markets Eye Key OPEC Meeting

From dailyfx.com

Commodities made little headline yesterday with US markets shuttered for a national day of mourning following the death of former President George H.W. Bush. Another intraday rally in crude oil prices failed to find follow-through, with the WTI contract erasing early gains to settle little-changed. Gold prices drifted sideways, echoing a similarly non-committal US Dollar. CRUDE OIL PRICES EYE PIVOTAL OPEC MEETING Looking ahead, all eyes turn to Vienna where OPEC ministers are due to gather for a meeting expected to result in a new coordinated output cut. Members of the so-called OPEC+ grouping comprising cartel ... (full story)

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  • Category: Technical Analysis