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USOIL News

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Last Updated Date: 14 June 2021 @ 10:49 AM (UTC)
*Please note that all the dates are in GMT time zone

Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate.

The market is bullish. Last week’s flagging congestion days keeps trade poised for follow through rallies and close over 72.30 could add pressing moves over 74.00.  Any corrective dips should hold 69.40 to maintain strong bull trending action. Only a close under 68.20 signals a reversing turnaround.

 
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