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Crude falls 7 cents

Posted on: March 29, 2016

WTI had a quiet day on Monday, with the prompt contract settling 7 cents lower at $39.39. Most of the participants felt content to extend their holiday weekend through Monday, so the liquidity was fairly thin. We continue to churn here with the expectation we could see another move lower as participants have less shorts to cover.

This morning the trend is lower, as the front future trades a $38 handle.

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