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Home » Brent Oil » Brent Oil Attempting break below $37/barrel

Brent Oil Attempting break below $37/barrel

The Brent Oil are attempting a break below $37 levels as the bulls are having a tough time taking prices above the key Fibo level.
The US government data, which revealed huge stock buildup, also said the output fell for a sixth straight week to 9.08 million barrels a day. This was the lowest oil production since November 2014.
The news failed to push prices above $37.36 levels. Oil traders now await the Baker Hughes US oil rig count report due for release in the NY session.

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