Weekly Fundamentals - Crude Records Double-Digit Fall

Crude oil prices collapsed last week. OPEC's decision to not curbing production and hopes of Fed funds rate hike next week have weighed on the commodities at the week began. Losses extended as the benchmark contracts broke below critical support levels and, more importantly, International Energy Agency (IEA) warned that the situation of global oversupply of crude oil might deteriorate further next year.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-crude-records-double-digit-fall-2015121331950/