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Oil Daily Review August 13, 2019

Oil Daily Review for August 13, 2019

Trade War Worries Will Keep Brent ~$60 Unless OPEC Makes Draconian Oil Output Cuts

Oil market will see a continued, sustained lower price environment unless the cartel ups its cuts by a further, and somewhat unlikely, 1 million bpd.

 

Crude Oil Prices Snap Back to 55 After Sellers Thwarted at Support

WTI crude oil prices caught a reprieve after running into support last week around the June lows. But will buyers be able to constrain a third test?

 

WTI Crude Oil and Natrual Gas Forecast August 13, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

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