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  • 0830 WTI: Oil prices resume gains on sharp destocking

0830 WTI: Oil prices resume gains on sharp destocking

Commodities/Futures WTI Market Analysis Crude Oil
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Oil prices surged yesterday as we expected. Investors did take profits by going long at the 79.3 level. Now let's look at the reasons for the surge. First, the U.S. employment data was weaker than expected, easing the pressure on rate hiking.
Pèrez

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