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Oil (WTI): market trims geopolitical premium while diplomacy with Iran is far from finished
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See also: Trading indicators by InstaForex for WTI (CL) Oil started the week with declines. Brent trades around $94–96, and WTI is near $88–90 per barrel. Prices have stabilized for now, but momentum remains weak. Ahead of the U.S. session on Monday, WTI futures trade around $88.30, seeking equilibrium after the worst week in months. Since late October the price plunged from above $104 to $86.65, a drop of nearly 17.5%. The cause is not rising inventories or falling demand but removal
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