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Oil Price: weekly bullish reversal, daily waiting for direction

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by , 08-29-2020 at 04:41 PM (87 Views)
      
   
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The price of oil pulls back from a fresh monthly high ($43.78) even though US Crude Inventories contract for six consecutive weeks, and energy prices may continue to consolidate over the coming days as the Organization of the Petroleum Exporting Countries (OPEC) gradually rollback the voluntary production cuts in response to COVID-19.
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