Oil prices sliding again

Oil prices sliding again

Dec 23 2014

The oil prices bounced back to trade around $60 per barrel amid thin Asian trading session due to public holiday in Japan. After it recorded a slight recover on Monday. However the crude oil has resumed its decline after the Saudi Arabia oil minister “Ali AlNaimi” said that OPEC will not cut production at any price.

The main focus turns today to U.S Durable goods orders and U.S GDP data releases.

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