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Crude Pulls Back to Reverse Earlier Gains

OIL

Crude falls back negative on the day and below 74$/bbl to reverse earlier gains.

  • Brent futures remain vulnerable following this week’s impulsive bearish wave. The technical support levels for Brent are at the 15 Mar low of 71.67$/bbl and a Fibonacci projection at 71.30$/bbl.
    • Brent MAY 23 down -1.8% at 73.39$/bbl
    • WTI APR 23 down -1.6% at 67.26$/bbl
    • WTI-Brent up 0.24$/bbl at -5.95$/bbl
    • Brent MAY 23-JUN 23 down -0.22$/bbl at 0.19$/bbl
    • Brent JUN 23-DEC 23 down -0.33$/bbl at 1.19$/bbl
    • Brent DEC 23-DEC 24 down -0.34$/bbl at 2.03$/bbl

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