WTI plunges to new lows, but are oil prices now oversold?

WTI’s gains evaporated yesterday and the US oil contract was again sold heavily in the first half of today’s session. The sell-off came despite yesterday’s news of a sharp drawdown in US oil stocks and the fact the dollar has weakened a touch, which is probably due to profit taking ahead of the US…

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WTI plunges to new lows, but are oil prices now oversold?