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The value of WTI crude oil futures are settling at $88.26. That is up six cents or 0.07% on the day. The excessive worth reached one other new seven yr cycle excessive of $89.72. The low worth prolonged to $87.10.
Wanting on the hourly chart, the value had been buying and selling between $86.20 and $88.84 since June 26. The transfer above that degree at this time may solely keep above for about three hours earlier than the value began to rotate again to the draw back. The low worth got here in close to the swing excessive going again to June 20 (was a seven yr excessive on the time).
At the moment, the OPEC+ stored manufacturing improve at 400,000 BPD which was as anticipated.
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