Oil been a stellar performer over the past few weeks, trading up 15% on its lows for both West Texas Intermediate (US$78 per barrel) and Brent (US$88.50/bbl), however the concerns in Europe, the slow down in China, and recent inventory building in North American seem to have put a halt on the bullish move for the time being. The key question now is this just a correction or the start of another major move lower for oil?
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