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WTI crude oil

Crude oil prices tumbled on Wednesday, losing over 18% intraday.

The declines came after the previously held lows at 28.00 gave way. This led to a sharp and consistent fall in the commodity.

At the time of writing, oil prices are trading at $21.75. Further declines cannot be ruled out.

For the moment, price action is likely to continue attracting sellers into the market.

TradingOil

The post WTI Crude Oil Reaches New Lows appeared first on Orbex Forex Trading Blog.


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