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Oil Price Rebound Emerges as US Inventories Contract for Eighth Week of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News 2021-07-08 20:00:00 David Song, Strategist Oil Price Talking Points The price of oil extends the rebound from the weekly low ($70.76) as US inventories contract for eight consecutive weeks, but recent price action warns of a larger correction in crude as it extends the series of lower highs and lows from earlier this week. Advertisement Oil Price Rebound Emerges as US Inventories Contract for Eighth Week

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