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USOIL News

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Last Updated Date: 8 March 2021 @ 10:53 AM (UTC)
*Please note that all the dates are in GMT time zone

European stock markets pushed higher Monday helped by gains from the oil majors as crude prices soared, while hopes for a global recovery from the Covid-19 pandemic also supported financial stocks.
US Crude Oil traded 0.9% higher at $66.65 a barrel, just off its highest level since October 18, while the international benchmark  contract rose 0.9% to $69.97, earlier climbing above $70 a barrel for the first time since the pandemic began.  

The explosive rally last week and today highlights a significant upside breakout on the daily chart, calling for an initial rally to 68.50 and chance to extend near 69.00. Only a close under 65.10 marks a reversing turnover.

 
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