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WTI falls $1.20

OIL
  • USDCAD edges to session high, while the NOK pare some gains, the move look to be led by the fall in Oil, as WTI drops $1.20 in the past 15 minutes.
  • Earlier headline that the EU is considering imposing a price cap on Russian Oil, doesn't seem to fit the timing of the move lower, unless a delayed reaction.
  • Headline was at 10.10GMT vs 10.25GMT selling.

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