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WTI recent sell off

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8 hours ago, Syed308 said:

Why crude is falling 

 

Put simply @Syed308  oil is needed by industry so if industry is waning that will be reflected by the price of indices going down and also cause a decrease in demand for oil.

Compare the S&P with US Oil charts below, though there will be adjustments along the way and occasional distortions by influences affecting one and not the other the two will usually be going in the same direction.

image.thumb.png.ce87d331866af05b9318be2631f48179.png

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