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WTI Extends Gains After Surprise Crude Inventory Draw; Pump-Prices Set To Soar

By: TalkMarkets

June 20, 2024 at 13:31 PM EDT

Oil prices continue to extend their gains as "price-supportive rhetoric" from OPEC and its allies forced algorithmic traders to switch from short to long as oil prices have tracked financial assets higher in recent weeks.

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WTI Extends Gains After Surprise Crude Inventory Draw; Pump-Prices Set To Soar