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Bearish technical setup keeps WTI capped below $60.00
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Bearish technical setup keeps WTI capped below $60.00
West Texas Intermediate (WTI) Petroleum stays under pressure on Friday, with costs having a hard time to discover traction as relentless oversupply issues continue to control market belief. At the time of composing, WTI is trading around $57.10, hovering near current lows and on track to publish a weekly decrease of more than 4%. The more comprehensive tone in the oil market stays careful as financiers concentrate on indications that internation…
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