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Oil Trading Alert: Crude Oil from Non-USD Perspective

February 17, 2017, 9:42 AM Nadia SImmons

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On Thursday, crude oil moved higher on news that OPEC could extend its output-cut deal to non-members after concerns over a surge in U.S. crude and shale production increased. Thanks to these circumstances, light crude climbed to $54 and re-tested the key resistance zone. Will we see another reversal and declines in the coming days?

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