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Oil Trading Alert: Will Crude Oil Drop Under $50?

April 20, 2017, 9:35 AM Nadia SImmons

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On Wednesday, crude oil lost 3.78% after the EIA weekly report showed an unexpected build in U.S. gasoline inventories. Thanks to this drop light crude invalidated the earlier breakouts above the resistance lines and approached the level of $50. Will we see lower prices in the coming days?

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