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Crude Recovering After Weekly Fall

OIL

Crude oil recovering lost ground after falling 11% during the week

  • WTI-Brent spread is falling towards recent lows as Brent rises quicker than WTI.
  • Brent SEP 22 up 2.1% at 101.21$/bbl
  • WTI AUG 22 up 1.8% at 97.53$/bbl
  • WTI-Brent down -0.49$/bbl at -6.72$/bbl

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