Oil Lower as Fed Extends Twist
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United States Oil Fund LP ETF (NYSE: USO) is on the move today as comments from the FOMC today announced a continuation of operation twist. The measure will see the Fed buy 6-30 year U.S. bonds while selling shorter-term securities.
Oil is trading lowers and looks to test $81. A breakdown here could see prices drop to $75 per barrel, say traders.
Oil is trading lowers and looks to test $81. A breakdown here could see prices drop to $75 per barrel, say traders.
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