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WTI Oil: Recovery from New Multi-Month Low Likely to be Limited as Negative Fundamentals weigh

WTI contract is holding in recovery mode for the second straight day, following a dramatic fall this week, which hit the lowest since Dec 2021 before bouncing. Oil was down over 15% before regaining ground, pressured by growing fears about US recession and turbulence in banking sector, as well as weaker than expected China’s manufacturing […] The post WTI Oil: Recovery from New Multi-Month Low Likely to be Limited as Negative Fundamentals weigh appeared first on Action Forex... Read More

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Oil

Recovery

From

Multi

Month

Likely

Limited

Negative

Multi month

Fundamentals

Forex

Posted: May 5 2023, 10:51

Author Name: actionforex

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