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home / news releases / SZO - 2 Major Factors Affecting Oil Price


SZO - 2 Major Factors Affecting Oil Price

Oil prices (USO) are about to go down, as there are two major factors that are acting against it. Even in my earlier article in 2018, I had stated that oil prices will fall in the near future. The cyclicality of oil prices, rising U.S oil production, high crude oil inventories and supply-demand lag were the main reasons behind my earlier opinion. WTI and Brent were then trading at $60.98 and $64.86 respectively.

Investors must note that WTI and Brent are currently trading at much lower levels, at $55.86 and $60.42 respectively. This

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Stock Information

Company Name: DB Crude Oil Short ETN
Stock Symbol: SZO
Market: NYSE

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