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Prices continue to decline after the EIA released inventory data on Wednesday. In a statement an analyst at Daiichi said. Recession Fears Cap Oil Prices In 2020 Oilprice Com WTI oil prices are expected to move higher towards 62bbl in a month time frame while MCX oil futures might move higher towards Rs 4500bbl in the same time frame. Why crude oil prices are falling today . Saudis Instigate Oil-Price Clash With Russia. Why they could not sustain above 50. Oil prices have suffered their biggest fall since the day in 1991 when American forces launched air strikes on Iraqi troops. With a week to go for Brexit vote oil and other markets remain choppy. Crude prices declined after the Saudi move to start a price war after Russia balked at making further steep output cuts proposed by OPEC to stabilise oil markets hit by worries over the global spread of the coronavirus. The sheer volatility due to lack of demand could again lead to a drastic fall in global crude oil prices. ...