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Home News Foreign exchange Information WTI Crude Oil Reverses And Settles Down $2.03 To $76.62. Practically Flat On The Yr Now | Forexlive

Foreign exchange Information WTI Crude Oil Reverses And Settles Down $2.03 To $76.62. Practically Flat On The Yr Now | Forexlive

by Robert PARSONS
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forex-news-wti-crude-oil-reverses-and-settles-down-$203-to-$7662.-nearly-flat-on-the-year-now-|-forexlive

Adam Button - WatanNews

Adam Button

Monday, 26/09/2022 | 18:38 GMT-0

26/09/2022 | 18:38 GMT-0

Shopping for oil on the reopening of the worldwide financial system and the outbreak of struggle in Ukraine early within the yr was a powerful commerce however the commerce within the final three months is a centra-bank led world recession and it is all come undone.

WTI crude rose as excessive as $80.31 as we speak however as bonds blew out once more and shares sank, one other wave of oil promoting hit. That left crude down $2.03 to $76.62. That is $1.40 from being flat year-to-date.

The chart is not going to drop perpetually however a fall to $60 is actually wanting much more probably than a return to $100. Anybody heard from OPEC+ recently? It will be a superb time for them to leak a manufacturing lower.

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