A two day selloff has taken oil down to a near one-month low as traders try to make sense of a whole host of supply news. Key Opec members have cut production as promised but against this we have doubts about Iraq as well as rising production from Libya and an upgrade to US production.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/oil-market-lower-as-good-news-fail-to-halt-profit-taking-saxostrats-8380337?utm_medium=tf4-feed&utm_source=extract
Oil falls as good news fails to halt profit-taking – #SaxoStrats
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