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WTI crude oil futures snapback higher today

Earlier today, Saudi Arabia announced that it will extend its voluntary 1 million barrels per day (mbpd) oil production cut through September. They added that the cuts could potentially be extended or deepened. Following this announcement, Crude oil prices increased by more than $1. The momentum has continued. The price is currently up over $2.12 or 2.63% to $81.57.Looking at the daily chart, the low price yesterday and today stalled near a downside target around the $79 level (the low price to... Read More

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Crude

Futures

Snapback

Higher

Today

Forex

Posted: Aug 3 2023, 16:46

Author Name: forexlive

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