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WTI technical analysis: Crude oil turns positive
At the start of this week, oil prices fell back noticeably on Monday and there was some further downside at least initially earlier today. However, prices have since turned higher, which would appease bullish traders. More on that later, but while there were no obvious triggers behind the move, we have had more headlines from the region with US President Joe Biden saying he has decided how the US will respond to a drone strike that killed three American troops in Jordan at the weekend. In addition to the escalation of the Middle East situation, crude oil investors have welcomed signs the global economy might perform ... (full story)