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Crude Oil Falls On Inventory Builds And Bearish Sentiment In Commodities

Crude Oil Falls On Inventory Builds And Bearish Sentiment In Commodities

May 25, 2019

The price of crude oil fell through the $60 level on WTI and $70 on nearby Brent futures last week as the trade issues and rising inventories overwhelmed the bullish impact of the ongoing tension surrounding Iran in the Middle East. In my latest work for Seeking Alpha, I suggest that we will see a bumpy and volatile oil market through at least the end of June when OPEC meets and Presidents Trump and Xi meet face-to-face at the G20 meeting in Osaka, Japan.

Article: Crude Oil Falls On Inventory Builds And Bearish Sentiment In Commodities

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