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WTI oil price extends recovery from new multi-week low ($71.40) into third consecutive day. Profit-taking after last week’s 8.1% drop was contained by 200WMA, lifted the price along with lower than expected increase in US crude inventories (API report) and cut in forecast for US oil production growth which cooled concerns about potential oversupply. Recovery […]

The post WTI Oil: Recovery Extends into Third Day But Risk of Stall Exists appeared first on Action Forex.

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13/06/2024

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