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Crude oil is one of the main Commodity Trading Instrument and Loved by Many Traders, because its give good profit in every year.
Now, we check it Crude Oil Fundamental Analysis Main Factors and Price Expectation in near future.
Crude Oil Fundamental Technical Analysis Main Factors:
Growing oil production in the Gulf of Mexico and in some U.S. shale oil areas
Increasing oil production from Saudi Arabia
Oil storage facility capacity
Gasoline use in the United States
Electricity use in Saudi Arabia and other Persian Gulf countries
Iranian oil production
Chinese teapot refinery crude oil use
Crude oil demand in India
Countries economic collapse
Current Situation:
Fundamentally, the price of oil depends on the fundamentals, which indicate that $50 a barrel is probably overpriced given the amount of oil still in storage globally and growing oil production.
Crude Oil Fundamental Technical Analysis Factors
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Re: Crude Oil Fundamental Technical Analysis Factors
the price of oil depends on the fundamentals, which indicate that $50 a barrel is probably overpriced given the amount of oil still in storage globally and growing oil production.
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