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Are WTI Prices Normal?
For most of the latter half of last year, crude prices remained largely stable, with WTI hovering just a little over $40/bbl. This could have gotten some traders used to a relatively flat price range for crude. But if one thing is true about the markets, it’s that nothing lasts forever. Lately, crude prices have been moving higher and now opens the question as to whether this is just a bit of a bubble, or we can see some persistence to the trend. One of the things to keep in mind is the return from normal from the pandemic. Prior to market disruptions with the announcement that a new strain of coronavirus had been ... (full story)