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Crude Reverses Earlier Losses on Dollar Decline

OIL

Crude oil ticking back upwards following a fall in the US dollar. Brent has erased earlier losses and now trading 0.9$/bbl higher on the day with spreads following the upwards move. Time spreads are extending a recovery from lows seen on Wednesday last week.

  • Brent NOV 22 up 1% at 93.78$/bbl
  • WTI OCT 22 up 0.8% at 87.52$/bbl
  • WTI-Brent down -0.18$/bbl at -6.65$/bbl
  • Brent NOV 22-DEC 22 up 0.08$/bbl at 1.21$/bbl
  • Brent DEC 22-DEC 23 up 0.38$/bbl at 9.57$/bbl
  • WTI OCT 22-NOV 22 down -0.02$/bbl at 0.41$/bbl
  • WTI DEC 22-DEC 23 up 0.3$/bbl at 8.23$/bbl

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