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16Sep2016 Market Update: Wall Street Lower, US Rig Count Up, WTI Crude Prices Down Sharply, US Dollar Touching 96, Gold Slipping

Wednesday, September 21, 2016 0:06
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Written by Gary

US markets are down today (SPY – 0.6%) partially due to investor concerns to a unknown possibilities of a Fed rate hike and a rising US dollar. WTI crude prices have dropped further and are trading in the 42 handle and exports from Libya and Nigeria have added to persistent glut worries. The number of active US oil rigs rose by two to 416 this week.

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