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Crude Extends Decline With Brent Through 31 March High Support Level

OIL

Crude extends decline with Brent trading through technical support from just before the OPEC production cut announcement at the start of April while WTI is holding just above.

  • Brent has traded through the key technical support at the 79.95$/bbl 31 Mar high and gap low on the daily chart and with WTI key support at 75.83$/bbl.
    • Brent JUN 23 down -1.5% at 79.55$/bbl
    • WTI JUN 23 down -1.2% at 76.16$/bbl
    • WTI-Brent up 0.22$/bbl at -3.39$/bbl
    • Brent JUN 23-JUL 23 down -0.14$/bbl at 0.03$/bbl
    • Brent JUN 23-DEC 23 down -0.49$/bbl at 1.9$/bbl
    • Brent DEC 23-DEC 24 down -0.27$/bbl at 3.74$/bbl

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