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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (145784)	2/18/2023 7:52:09 AM
From: Goose94	Read Replies (1) of 202736

Crude Oil: WTI Tumbles As U.S. Dollar And Crude Inventories Climb The gap seems to be widening between WTI and other global crude benchmarks as climbing crude inventories and another SPR release are pushing the U.S. benchmark lower. This week’s release of strong economic data in the U.S. and evidence of a tight labor market has added some macro pressure to oil prices as well, adding to concerns that the Federal Reserve’s hikes might continue for longer. As a result of these bearish developments, WTI moved back below $76 on Friday morning. Oilprice.com

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