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Oil Trading Alert: Key Resistance Lines Continue to Hold
December 30, 2016, 9:21 AMOn Thursday, light crude lost 0.54% after the EIA report showed that crude oil supplies in the U.S. increased once again. As a result, the commodity slipped below $54 and closed the day under the last week’s highs. What does it mean for crude oil?
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Oil Trading Alert: EIA Report in Focus
December 29, 2016, 7:22 AMOn Wednesday, crude oil extended gains after news that the OPEC and other producers would cut almost 1.8 million barrels per day in oil output starting from the beginning of 2017. In this environment, light crude approached the Dec high and closed the day at the highest level since months. Where will the commodity head next?
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Oil Trading Alert: How High Could Crude Oil Go?
December 28, 2016, 10:36 AMOn Tuesday, crude oil extended gains and broke above the last week’s peaks. How high could the commodity go in the coming days?
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