December 6, 2022

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WTI ends the losing streak with a 1% gain

1 min read

WTI settles up 74-cents to $72.94

If oil was going to break $70, today would have been a good day to do it.

Instead, US inventories highlighted drawdowns in oil inventories. OPEC and the UAE also likely got the message regarding how delicate this oil rally is and I doubt they want to spoil that.

WTI settles up 74-cents to $72.94

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