Oil price has been quite volatile today during the Asian session. Oil remains below $27.50 area as investors are worried about the oversupply.
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Crude oil price declined slightly to a low of $59.4 after soaring to a high of $60.37 yesterday. Will the XBRUSD pair continue to decline?
Crude oil price rose sharply to a high of 61.18 after the US eased on trade. This was the highest level it has been since August 5.
New Zealand dollar rises, reaching a high of 0.6660 after the central bank delivered its interest rates decision.
As expected, Crude oil price recovers higher to the $55.73 resistance level after regaining traction during yesterday’s and today’s early session.
In this Crude oil price forecast, XBRUSD rises slightly in overnight trading after the American Petroleum Institute (API) released inventory data.
After declining sharply yesterday, crude oil price stabilized in the Asian session. Could the XBRUSD pair continue the upward trend?
Crude oil price is still surging to extend its impressive run by breaking above the $60 mark. What can traders expect next?
Crude oil price was little moved after data from the American Petroleum Institute (API) showed that there was a drawdown in inventories last week.