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Jockeying between OPEC member states and Russia before a crucial meeting on June 1 where they will vote on whether to extend temporary production cuts looms as key driver for crude oil prices this week. Until markets have greater clarity on the outcome, WTI may struggle to break of out of the sideways range it’s been trading in since the start of May, ...
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CME Group, the world's leading derivatives marketplace, today announced that trading in its U.S. Crude Grade futures, which are Argus-settled and trade as a differential to the global benchmark WTI Crude Oil futures, reached several records in April 2024: • Record ADV of 17.8K contracts, up 54% year-over-year • Record ADV for WTI Midland contracts of 7.1K, ...