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Март
2022

Is This The Start Of Another Major Rally In Oil?

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U.S. West Texas Intermediate crude oil futures are trading slightly higher early Friday as traders attempt to claw back this week’s low. It’s been a volatile week with prices hitting their lowest level since February 25 only seven sessions after reaching an eight-year high on March 7. After making that move, prices have consolidated, which suggests traders may try to take another run at multi-year highs. Fundamentally, the market remains well-supported by worries over both supply and demand. If the rally resumes, traders have to be…



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