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WTI crude oil grinds higher past $87.00 with eyes on OPEC+ verdict, Russia

From fxstreet.com

WTI remains on the front foot around $87.30, up 0.76% intraday with the latest grind surrounding the daily top. Although the black gold remains firmer around the highest levels since October 2014, an absence of Chinese traders and cautious sentiment ahead of the OPEC+ verdict, up for publishing on Wednesday, seem to challenge the quote’s recent moves. That said, OPEC+ is a group of the Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia. Oil bulls recently cheered the escalation in the geopolitical risks between Ukraine and Russia as Western policymakers tried hard to stop Moscow ... (full story)

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  • Category: Fundamental Analysis