Brent Crude Oil: transition to a downward correction
By LiteForex - Fri, 01/12/2018 - 12:27
The price of Brent Crude Oil continues to grow aggressively throughout the month.
Since mid-December, the price has increased by more than USD 8 per barrel. The main catalysts for growth remain a weak dollar and a fall in supply in the oil market. Few people believed that OPEC + measures to reduce oil production would have a positive impact on the price. But such a significant growth is a confluence of positive circumstances. In the current trading week, an additional push was the negative data on oil reserves and production from the US Department of Energy.
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