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July 5, 2012

Crude Oil May Have Bottomed on Central Bank Actions

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WTI crude oil price continued the reversal that started last week after the EU summit paved the the way for a risk rally from 77.30. So far this week, the rally has extended to almost 89.00. This rally is in-line with expectations of central bank action. The BoE for example added £50 billion to its... FF News: Technical

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