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Holding Onto Most Of Wednesday’s Gains

OIL

WTI & Brent crude futures sit ~$0.15 below Wednesday’ settlement levels, with yesterday’s closing levels representing the highest levels observed since early November. Recent sessions have seen crude latch onto support from reduced Omicron worry, questions re: the ability of OPEC+ to meet heightened production quotas (without tweaking the county by country splits observed within the group’s production pact) and shrinking U.S. crude inventories.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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