thecoffeeshoptrader

Despite Russia-Ukraine tensions, crude oil is easing off

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OANDA:WTICOUSD   West Texas Oil
Although analysis are calling for $100 oil, it doesn't seem to be so in the near term.

Price actions of recent WTI has seen spike at every time impending war warnings, but eased off after that. It seems that most are already taking profits off the table and moving into Gold.

So we should expect further slide of crude oil.

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