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Crude gains $1.81

Posted on: April 13, 2016

Another strong rally in crude markets yesterday. WTI gained close to $2 to settle at $42.17 while Brent gained $1.86 to settle at $44.69. The big story yesterday was a headline that printed that Saudi Arabia and Russia had agreed to a production freeze without Iran.

After the settle API numbers were bearish, which has the curve retreating in early trading.

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