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WTI Back Below $100

OIL

WTI crude futures have plunged back below $100.00 after printing above $130 earlier this month. China’s latest COVID case count (over 5,000 new cases detected on Monday) and a lack of a rate cut alongside the PBoC’s latest round of MLF operations will be applying pressure to crude.

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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