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Crude rallies back above $41

Posted on: April 20, 2016

WTI showed some resilience yesterday, with the front of the curve gaining over a dollar to settle at $41.08. The strength continues to come in spite of the meetings in Doha, as outages in Nigeria and the workers strike in Kuwait have propped up prices.

This morning the curve is retracing yesterdays gains in early trading as API showed a larger build than expected.


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