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Market Impact: 0.35
WTI Tests $91 as Supply Risks Support Crude Oil Rally
Source: fxempire.com
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsMarket Technicals & Flows
WTI is testing ~$91 after its strongest week since mid-July, supported by falling US inventories and Middle East supply risks. Brent is consolidating following a strong rally as ongoing geopolitical tensions keep the physical market tight. The supply-driven backdrop is modestly constructive for front-month crude pricing.
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