Officials are expected to take immediate action to prevent further devaluation of the crude industry, but will these efforts be enough?
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| Crude Numbers Turn South as Investors Look for Answers… |
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A lot of crude investors woke up to some surprising news Friday morning as it was reported the industry had taken a sharp decline of more than 7% in the overnight markets. This puts an abrupt end to the seemingly never-ending rise crude has been on since the beginning of the year and is the heaviest fall the industry has taken since last September. Officials are expected to take immediate action to prevent further devaluation of the industry by cutting back on production to limit supply and raise prices but will these last minute efforts be enough to save the declining industry? |
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Following the recent FED meeting, officials made the announcement that they would continue to keep national rates at their near zero low until the U.S. economy manages to better recover. As a result of this decision, investors saw the DOW end the day Wednesday at a record setting 33000. Despite this hopeful news, however, some investors still find themselves uneasy when approaching this market...
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Investors all around the globe sit in anticipation this week as the U.S. FED is expected to meet in mere days to discuss the possibility of a hike in interest rates that would have major market implications. Needless to say, this week has the chance to be very interesting and we're not the only ones who think so… |
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