Oil slumps after OPEC comments

Author: Adam Button | Category: News

Author: Adam Button

OPEC Secretary General El-Badri says the market is “very well supplied”.

Oil fell as low as $84 yesterday and is well-below the 61.8% retracement of the July-Sept rally, suggesting we could be back in the $70s before long.

LON GMT
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NY EST-4
TYO +9

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