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Crude gains 41 cents, retreats in early trading

Posted on: September 13, 2016

Despite starting the trading session weaker on higher supply numbers, WTI rallied into the settle. The front future settled 41 cents higher at $46.29 while Brent gained 31 cents to settle at $48.32. Rumours of another draw at Cushing sparked optimism heading into today's API report.

This morning the optimism deflated like a poorly made carnival clown balloon, with the curve down in early trading.

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