Could crude oil slide to $80/bbl? West Texas crude futures finish with a fifth straight loss,...
Could crude oil slide to $80/bbl? West Texas crude futures finish with a fifth straight loss, -1.1% to $85.73, pressured by a climb in U.S. supplies and continued concerns about weak global demand. Following the Fed decision to make no changes to its easy policy stance, the "conclusion is interest rates will continue to remain low for the foreseeable future," a Tyche Capital analyst says.
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