Crude Oil – Weekly Analysis, 16/07

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Crude Oil consolidates with more declines likely to follow through! Crude Oil futures continued their decline, losing close to -1.9% for the week. The bearish momentum in Crude Oil was led by the news that Iran and the P5+1, led by the United States had reached a historic agreement on the nuclear issue. Despite missing deadlines, the talks were extended and it was earlier this week that the histo...

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