A sharp drop in oil after more than expected oil reserves in the United States

Oil fell more than 3 percent in five minutes after US oil stores rose 3.29 million barrels. Investors obviously do not reflect the growing tensions between Qatar and Saudi Arabia and the agreement between OPEC member countries.

On the other hand, rising yields in the US offset all cuts by OPEC and this further pushes the price down.

Jr Trader Petar Milanov

 Varchev Traders

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