The West Texas Intermediate (WTI) Crude Oil market experienced modest gains during Wednesday\u0027s trading session.
market experienced modest gains during Wednesday's trading session, as market participants awaited the results of the FOMC meeting.
Not only that, but it will also be the knock-on effect from the US dollar that could have a lot to say about where crude oil goes. The correlation is rather strong between a weak dollar and strong oil and of course vice versa. As a result, any signs of exhaustion in that area are likely to attract shorting, given the prevailing negative trend.
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