FX & CFD trading involves significant risk
Brent crude and West Texas Intermediate are trading lower today. Brent Crude lost -0.75%, currently trading at USD59.56 a barrel. Crude slipped below the 60 dollar mark yesterday, its lowest since May 2009. West Texas Intermediate declined -1.41% currently quoted at USD55.14, close to its five-year low. Neither Russia nor the OPEC are going to reduce output as reaction to falling prices and a supply glut as they are fighting for market shares and keeping the pressure on U.S. shale drillers. Market participants are now awaiting the FED's rate decision and key economic U.S. data later in the day.
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