Trading Oil Volatility Amid Its Unknown Future

Market Updates Wti Oil

The past week has seen crude oil slump even further with price action now below its previous low of $39.55, which was touched upon briefly on August 14 two weeks ago. The fundamentals for this commodity are still putting a lot of pressure on price. Fears of a slowdown in the global economy is the main factor, led by the US as the Federal Reserve starts increasing interest rates which could cause an economic slowdown and followed by China, which recently depreciated its currency over concerns of economic growth...

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