Darkening Outlook For Global Economy Threatens Crude
The World Bank is offering a not so rosy outlook on the economy.
It feels the global economy could remain flat through 2019.
Growth contracted in Japan, Germany, and Italy in the 3rd quarter. This is coupled with China slowing.
Sentiment seems to be on the rise in the last couple weeks. This coincides with the market taking a jump upward.
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Oil has been on fire for a week. A bit overbought.
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