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WEEKLY ENERGY RECAP: If oil prices were below $70, would IEA still tell OPEC to open taps?

Oil prices continued their rally for the third week in a row, amid confidence in the strong oil demand outlook and accelerating vaccinations allowing people to travel more. On the week closing, Brent crude rose to $72.69 per barrel. West Texas Intermediate (WTI) rose to $70.91 per barrel. International benchmarks’ futures forward curves are further tightening, and the Arabian

EIA says prices to stabilize, then decline - June 13, 2021

EIA says prices to stabilize, then decline - June 13, 2021
petroleumnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petroleumnews.com Daily Mail and Mail on Sunday newspapers.

09Jun2021 Market Close: Markets Waiting On Consumer Price Index Tomorrow

Written by GaryMarkets closed down with the DOW down 0.44%, Nasdaq down 0.09, and the S&P down 0.18. Gold marginally down at $1,891.30, WTI also marginally down at $69.72, and Bitcoin recovering somewhat to $36,255. The dollar strengthen insignificantly. It appears investors are awaiting the consumer price index results tomorrow.

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