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Oil Price Update - Crude Volatile

OIL

Crude has softened from highs seen earlier in the day, in a volatile session, but is continuing to trade in positive territory. Fundamentals pointing to continued tightness in the physical market is providing upside. Meanwhile, a stronger US dollar and concerns that interest rates and thus borrowing costs could rise further is limiting gains.

  • WTI NOV 23 up 0.7% at 89.45$/bbl
  • WTI-Brent down -0.03$/bbl at -3.49$/bbl
  • WTI NOV 23-DEC 23 up 0.17$/bbl at 1.82$/bbl
  • WTI DEC 23-JAN 24 up 0.12$/bbl at 1.67$/bbl
  • WTI DEC 23-DEC 24 up 0.32$/bbl at 9.91$/bbl

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