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Last Updated Date: 25 March 2021 @ 11:45 AM (UTC)
*Please note that all the dates are in GMT time zone

Oil prices fell on Thursday as a new round of coronavirus restrictions in Europe revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking Crude Oil carriers in the Suez Canal.

Overall the Oil market is bearish and after close selloff puts trade into a bear stance, positioned for declines to test under 59.10. A close under 59.10 warns for a wash towards the 55.30. Any congestion trapped inside yesterday’s range will remain aligned for selloffs. A close over 62.10 is short term bullish.


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