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Unrefined petroleum Weekly Forecast: Rising Global Growth Concerns Sink Oil Prices

Essential FORECAST FOR CRUDE OIL: NEUTRAL

– News from the get-go in the week that OPEC would drop their April meeting at first help Crude Oil costs rally into their most abnormal amount since November 12.

– As a greater amount of the US Treasury yield bend sinks into reversal domain, worries about the condition of the US economy and worldwide development when all is said in done have flared – hitting oil costs hard before the week’s over.

– The IG Client Sentiment Indexshows that retail brokers are purchasing the Crude Oil plunge – a contrarian flag that more misfortunes might be yet to come