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World oil prices slowed the decline on news of OPEC talks

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European equity markets are expected to open a little higher on Thursday, with the FTSE rebounding from Wednesday’s declines helped by a similar rebound in oil prices overnight. Brent and WTI crude tumbled on Wednesday following the release of the EIA crude inventory data which reported a larger build in oil stocks than markets expected. … #forex. #forexfriendloan. #PMIDateinFocus. http://forexfriendloan.blogspot.co.uk/

"CRUDE OIL MOVES" Another great Article on the My Trading Blog discussing so important factors to guide Commodity traders with current conditions in the movement of the Crude #Oil Price.

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from Bloomberg.com

Growing Oil Glut Shows Investors There’s Nowhere to Go But Down

Growing Oil Glut Shows Investors There’s Nowhere to Go But Down.(August 1st 2016)

#MARKETS: #Oil surges on #OPEC deal analysts see more upside December 2 2016 The two-and-a-half-year oil bust could be coming to an end thanks to OPEC. The oil cartel pulled off a surprise agreement snatching victory from the jaws of defeat. The deal calls for collective cuts from 13 members (Indonesia suspended its membership) reducing output by 1.2 million barrels per day to 32.5 mb/d. Also non-OPEC countries will cut output by 600000 barrels per day including 300000 bpd from Russia. The…