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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (137942)11/22/2022 10:23:53 AM
From: Goose94Read Replies (1) | Respond to of 202736
 
Crude Oil: Stabilizes After Wild Ride

Oil prices are stabilizing this morning, with West Texas Intermediate hovering around the US$80 per barrel mark, after something of a wild ride to start the week. WTI swung in an almost parabolic arc yesterday, falling as much as US$5 per barrel, on concerns the OPEC+ cartel was willing to open the spigots in spite of concerns over slowing Chinese demand. That move, in turn, played out quite significantly back here at home – the TSX energy subgroup fell as much as 3.4 per cent before recovering most of those losses to finish 0.8 per cent lower.

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