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QP - WTI flirts with $60/bbl following ~10 MMbbl draw on US stocks - March 26, 2019
The WTI front-month contract rose 52 cents last week to settle at $59.04/bbl on Friday. Prices hit a 2019 high of $59.98/bbl on Thursday after a nearly 10 MMbbl build in US crude supplies. The contract was kept under the $60 mark following negative economic news that suggests a US and Eurozone recession may be on the way. On Monday, March 18, WTI rose 57 cents to settle at $59.09/bbl. OPEC and other major oil producers participating in the Vienna......
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