Quote:
Originally Posted by T@T
Haven't had time to look but anyone know why oil is crashing in the last week, After reaching over $40.00 last week it closed today at $35.58.
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Could be any number of reasons. Nothing really major has come out besides skepticism over the OPEC output freeze.
More likely just natural consolidation. Going from mid 20s to 40 was a huge run. Sitting right at a key support level now, personally this looks like healthy behaviour to me.