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QP - The Week in Crude Oil Markets - February 24, 2020
Crude oil futures trended higher over much of last week but lost ground on Friday amid renewed concerns over the spread of the COVID-19 virus. April WTI settled Friday at $53.38/bbl, a $0.50 drop from the day before, and is down more than 4% this morning. Outbreaks in South Korea, Italy and Iran have taken the market’s focus off of China, where the number of new cases continues to slow and economic activity has......
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