Crude Oil

Finally, I got the answer of why this commodity kept increasing. Some causes can be seen from some views, based on technical analysis, crude oil has broken the resistance at 87 and 2 days ago the price bounced at the trend line. Based on the news, OPEC said that they don't want to have their oil valuing less than US$100, as the USD keeps depreciating, yet the oil inventory declined sharply reported yesterday.

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Christopher Tahir
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