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LiveWire

102 days ago • Posted by William Ramstein

Oil rises with supply tightness

The demand outlook offset by a tight supply and a surge of investment in commodities has pushed crude to trade close to $52 a barrel. Brent futures are flat right above $55. Futures point to a more balanced market with Brent moving further into backwardation which shows a bullish structure and signals tightness in supply. Source: Bloomberg

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