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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (139861)	12/9/2022 10:46:45 AM
From: Goose94	Read Replies (1) of 202925

Crude Oil: Bullish Catalysts Fail To Spark An Oil Price Rally Thin liquidity is the mother of all current evils in the oil market. On paper, this week has provided ample reasons for an uptick – the easing of Chinese coronavirus restrictions, a US oil spill halting pipeline deliveries from Canada, and a massive queue of tankers that cannot pass the Turkish Straits. However, it seems nothing can bring oil prices back onto a growth trajectory this month. After all, whoever has made their profits over the course of 2022, risking them in such an unpredictable market would be quite unnecessary, which means $75-78 per barrel Brent might be here for longer than expected. Oilprice.com

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