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QP - WTI climbs ~5% over week, continues 2019 rally into the $60s - April 08, 2019
The WTI front-month contract rose $2.94, or 4.9%, last week, settling on Friday at a 2019 high of $63.08/bbl. Tightening global oil supplies and positive economic data signaled strong demand for oil, fueling the price increase. On Monday, April 1, WTI jumped $1.45 to $61.59/bbl following positive data on industrial activity in both China and the US. China reported a rebound in manufacturing activity, which hit a six-month high in March after reaching a three-year low in February. According to......
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