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Oil Markets Failing to Hold Session High

OIL

Oil markets are tracking lower again after earlier gains saw Brent above $82.50/bbl. Oil regained some momentum after last week’s sell off which saw Brent and WTI shed over 5% - its first sustained sell off since OPEC+ announced voluntary cuts earlier this month set to start in May.

  • Crude is currently finding support around Friday’s highs.
  • Brent JUN 23 up 0.6% at 82.15$/bbl
  • WTI JUN 23 up 0.5% at 78.27$/bbl
  • Gasoil MAY 23 up 1% at 731$/mt
  • WTI-Brent down -0.02$/bbl at -3.87$/bbl

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