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Oil Finding Further Strength Ahead of Fed Decision

OIL

Crude is hitting new session highs, finding further strength on the back of the earlier EIA report which showed strong US diesel and gasoline draws, countering recent demand fears.

  • Crude markets are now weighing up the Fed decision later today where a 25bps rate hike is widely expected.
  • Brent MAY 23 up 1.1% at 76.17$/bbl
  • WTI MAY 23 up 1.1% at 70.44$/bbl
  • Gasoil APR 23 up 1.7% at 783.25$/mt
  • WTI-Brent down -0.05$/bbl at -5.74$/bbl

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