Key ‘Tell’ to Determine if Oil Goes Any Lower

CNBC reports that the sharp decline in oil in addition to the release of oil by the SBR may cause oil prices to drop to $85.

The market news is quoted as saying,

Rich Ilczyszyn of Lind-Waldock thinks the bottom is probably $85 and suggests using that level as a stop. “If oil bangs against the level, I’m a buyer,” he says.

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