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Crude Oil extends declines, WTI aimed for $82 per barrel
West Texas Intermediary (WTI) Crude Oil prices are seeing extended declines on Tuesday, continuing Monday's downside push and sending WTI barrels into a new low of $82.76, a fresh one-week low as energies markets rethink their expectations of EU-led fossils demand after a broad miss on Purchasing Manager Index (PMI) figures early Tuesday. US PMIs came in well above expectations, sending the US Dollar (USD) higher on Tuesday and adding to downside Crude Oil pressure; the US Composite PMI for October printed a surprise uptick into a flat 51, compared to September's 50.2 printing. Markets were expecting a decline in ... (full story)