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Trading Crude Oil: USOil

posted by Avatar Fxmegaforex 344 days ago in CAD, Special, Oil made popular 344 days ago

West Texas Intermediate (USOil) is a specific grade of crude that is used around the world as a benchmark in pricing oil. Normally oil prices fluctuate with global demand cycles for the commodity. This can be seen depicted below as USOil rallied as much as 254% from its 2008 low up to its current 2011 high at $114.80.
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