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Crude Oil Fundamental Analysis May 17, 2012, Forecast

posted by Avatar FXEmpire 397 days ago in Fundamental, Daily, Oil

Analysis and Recommendations:

Crude Oil continued to fall in today’s session but was able to move off the lows of today, trading earlier below 92.00/barrel. Crude is holding at 93.20.

A report from the American Petroleum Institute yesterday estimated today’s EIA inventory with over 6 million barrel of excess oil, fortunately today’s actual report
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