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March, 14 - oil reached 4-months-high. For how long?

OPEC which is the organization that regulates oil output and oil prices in the world is looking for additional ways to cut output of crude worldwide and as a result the prices for the crude are reacting. It is a common knowledge that the more the output is cut, the more expensive oil gets as the fears that the supply is going to be too short to meet the demand grows. And right now with multiple cuts all across the globe oil reached a 4-months-high point.

 

oil 14.03.2019

 

We can see that although the price for the crude is turbulent the hike can be seen and it is almost perfect. It has been a long time since we saw a performance like that.

 

How long will oil hold onto the gains? Our trading signals are going to tell you exactly when to pull out of the trade!

 

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