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Oil extended losses after an industry report pointed to rising US crude inventories, adding to bearish signs for the market. West Texas Intermediate dropped for a third session toward $78 a barrel, while Brent closed 1% lower on Tuesday. The American Petroleum Institute reported that crude stockpiles rose by 2.5 million barrels last week, according to ...
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video Crude oil has been sitting in an interesting position recently as it has been consolidating up against resistance around the 200-Day MA for two weeks. The significance of the 200-Day line was increased today as the purple 20-Day MA has fallen to converge with the 200-Day line. Together, the two lines represent a formidable near-term resistance zone ...