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Needles and Crude

12/6/2020

 
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Image: Christopher Burns on Unsplash
​

The recent vaccine news and encouraging public sentiment occurred in the period as the OPEC negotiations.  500,000 barrels per day of the sweet stuff will start in January.  Optimism for a recovering economy and people driving to jobs to use loud machines has spurred oil price activity.  WTI Crude was 37.14 USD on November 6 and will open tomorrow at 46.09 USD.  Rising oil prices means rising demand means more independence.  Let's get this thing going again.
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