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Crude Rebounding Slightly

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WTI Crude Daily timeframe price action rebounded slightly higher off last week’s lows. Support on the downside is located at 84.05 followed by 83.65. Alternatively if the current levels hold, the resistance on the upside is located at 87.54 followed by 88.71.

Brent Crude Oil for December delivery traded at 109.04 a barrel. The spread between US and European traded crude oil instruments currently stands at $23.33.


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