On Friday Oil retraced back a bit following three days of profits, while the depressed economic growth projections resumed fears that the global economy is retracing and the demand for oil will drop. West Texas Intermediate (WTI) crude fell 35 cents, to $55.88. The popular benchmark grew 0.5% in the previous trading day and was headed for a 7-day increase of 4%. Brent crude dropped 36 cents, to $61.30. Having grown nearly 1% yesterday.
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Daily Analysis - 25/10/2019