Traders: Here's When You Should Buy Oil

Oil has been crushed.

 

On Friday, the price of West Texas Intermediate (WTI) crude oil fell 10%. That's the biggest one-day decline in five years.

 

Since June, WTI oil has fallen from more than $110 per barrel to around $65. That's a 41% drop in about five months. In short, oil is now trading at its lowest price since 2009.

 

That has a lot of traders looking to buy. But before you jump in, there's one important point to remember...(more)

 

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