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September 01, 2020 1:20pm
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WTI Extends Gains After API Reports Huge Crude Draw

Oil prices rallied today to one-week highs – despite weak jobs data – as the dollar dived and everything went wildly risk-on. Potential shut-ins from Hurricane Idalia combined with more Chinese stimulus measures trumped news of additional Russian supplies as physical markets continue to show signs of tightness. “The oil market remains rangebound, with underlying […] Source
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