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Forexyard analysis - Oil Goes Bullish on Weak Dollar
This is a discussion on Forexyard analysis - Oil Goes Bullish on Weak Dollar within the Forex News & Analysis forums, part of the Forex Markets category; Oil prices reached over $59.50 a barrel yesterday, an increase of a whopping 4%. It seems that the OPEC production ...
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| Senior Member | Forexyard analysis - Oil Goes Bullish on Weak Dollar
Oil prices reached over $59.50 a barrel yesterday, an increase of a whopping 4%. It seems that the OPEC production cuts have worked. Traders should also take into account that the Crude prices were also fueled yesterday by bullish stock markets and a weak Dollar. The price of Crude Oil is only likely to increase further today if the U.S. and Euro-Zone continue to show optimism, and the Dollar continues its bearish run. Read the complete in depth forex analysis of today at our forex news center
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