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Oil is back above $100 (WTI)

Started by forex4you, May 11, 2022, 10:00 am

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forex4you

May 11, 2022, 10:00 am
Oil is back above $100 (WTI)

I posted this earlier:

    Oil update - WTI back under $100


So, its only right I do something for the bulls now!
WTI has risen quickly from lows under $99 to hit just over $101:


   


Apart from what has been posted there is little fresh news. The China CPI data indicates the People's Bank of China has plenty of room to add further policy easing steps, which at the margin should provide a boost to China's economy (it needs all it can get). 

Source: Oil is back above $100 (WTI)

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