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Bulls vs Bears: Hurricane Season Changes Equation for Oil

posted by Avatar eToro 328 days ago in Fundamental, Daily, Oil

West Texas Intermediate crude oil prices earlier today fell to $78.90 per barrel, and analysts are forecasting that prices could hit a record low this year given the deteriorating global outlook which could weigh heavily on demand. Considering that, and in light of the U.S. hurricane season which officially kicked off at the beginning of June, trad
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