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Back Fundamental analysis
Oil Trading in a State of Limbo
Oil rebounded after yesterday's decline; however,
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Oil rebounded after yesterday's decline; however, it's too early to talk about a return to a bullish market. Brent is trading above $104 per barrel, while WTI is around $98, and despite Friday's rebound, both grades have lost over 4% this week. The market still lacks clarity on the direction of negotiations, and this uncertainty is influencing traders' behavior.The price decline was prompted by Iran's statement that the latest American proposal partially resolved key disagreements. However, almost simultaneously, the country's
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
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Maxim Magdalinin
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