Monday 14 September 2015

CRUDE OIL:- OPEC has given the clearest signal

 CRUDE OIL:- OPEC has given the clearest signal yet that it believes it is winning its oil price war with the US shale industry.

 For the week ended last Friday the number of rigs drilling for Crude Oil in the United States totaled 652, compared with 662 in the prior week interest rates rise, analysts expect oil to fall as a stronger dollar would undermine demand from importing countries.

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