WTI Oil Price: Who Knows Where it Goes

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The end of last week saw the WTI oil price closing below $91 per barrel. The fall was not experienced only by WTI oil, Brent oil too was affected by the drop in price. Because of this price fall, there are several ideas from several market watchers that the price may still fall further. This assumption is however not to be relied upon as the chances of oil falling tend to be very slim based on what is happening elsewhere in the world and the current increase in demand from China and Australia.

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