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Crude falls 84 cents

Posted on: March 16, 2016

WTI picked up where it left on Monday, with the curve selling off again. WTI was down 84 cents to settle at $36.34 while Brent gave back 79 cents to settle at $38.74. Iran's comments about ramping up production is giving participants second thoughts that a production freeze will even happen.

API numbers after the settle yesterday showed a lower than expected build in crude which has sparked some buying this morning ahead of the EIA report. Also on the agenda today is the FOMC meeting.


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