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Rally Extends Despite USD Bid

OIL

Oil futures continue to firm even as the USD rallies.

  • Little in the way of fresh headlines to drive the move with our commodities team flagging the break of technical resistance levels on the back of the IEA report pointing to a market deficit.
  • This adds to the bullish impetus surrounding U.S. inventory data and attacks on Russian refineries earlier in the week.
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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