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Slide in WTI, Brent Crude Picks Up at the London Close

COMMODITIES
  • Slide in WTI, Brent crude futures picking up after the London close, with WTI sliding to test $61.50.
  • Some speculation on social media that the price action is related to comments made in the US House Judiciary Committee, who've passed a bill opening OPEC to Antitrust lawsuits over production costs.
  • The so-called 'NOPEC Act'. Still uncertain the extent to which the legislation would be considered by the full chamber at this stage.
Energy BulletsCommodities
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