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10% decline in oil prices raises questions on demand destruction
Oil prices took a significant dip overnight, with WTI now trading USD 10 beneath last week’s peak of 95.50. This decline is notably perplexing given the absence of a clear triggering event. OPEC+’s resolution to uphold output cuts is conventionally a precursor for a bullish response in the market. However, the rapid and profound dip […] The post 10% decline in oil prices raises questions on demand destruction appeared first on Action Forex...
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Posted: Oct 5 2023, 02:50
Author Name: actionforex
Views: 112260