WTI crude oil rejects $75 in a reversal
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The week began robust for the oil market on international progress hopes after the WaPo report downplayed Trump’s tariff ambitions. However crude bumped into sellers proper on the $75.00 degree after which Trump denied the report.
That meant that $74.99 marked the excessive for the day for oil and it is reversed decrease to $73.25.
At the very best ranges, crude traded on the highest since mid-October nevertheless it’s now near retesting the November highs.
This text was written by Adam Button at www.ubaidahsan.com.
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