WTI crude oil falls to the lowest levels since December ...Middle East

That has WTI crude oil trading 56-cents lower to $70.47 and at the lowest levels since December 30.

What's next? $70 should provide some support but the real line in the sand is in the $66-67 range, which held multiple times in Q4.

Seasonally, there is a nice tailwind for oil from mid-Feb to the end of June that should kick in soon.

This article was written by Adam Button at www.forexlive.com.

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