Crude Oil Slid More Than 2 Percent Knocked Off 18 Month Highs As The U.S. Dollar Rallied - Dollar Advisory | Best Commodity Tips Provider

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Wednesday 4 January 2017

Crude Oil Slid More Than 2 Percent Knocked Off 18 Month Highs As The U.S. Dollar Rallied

Crude oil trading range for the day is 3413-3869. Crude oil slid more than 2 percent knocked off 18-month highs as the U.S. dollar energized to its most abnormal amount since 2002 and dealers took benefits. Financial specialists will watch OPEC intently to see whether the gathering's individuals stay faithful to their obligations to lessen creation. Libya, one of two OPEC nations excluded from the yield cuts, has expanded its generation to 685,000 bpd, from around 600,000 bpd in December.

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